Thursday 20 January 2011

EURUSD +FTSE


The trendline in mauve is obviously a reaction line from somewhere but because i am unable to ID the fork and draw it automatically i included it this morning as a hand drawn trend line. It has stopped price dead in its tracks but there should be:
1. An opportunity to see if we make a higher high and if the euro is going to have another bash at 1.3500
2. A possible long entry on a good shallow Fib RT to one of the RL's in the middle of the chart
USDX/Gold/Stock Index charts to come...a subtle change coming? Heres the FTSE

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