Monday, 11 April 2011

EURUSD














Same template/RL grid as last week....clearly shows that price has failed to get up n over the RL ( seen as the lower thick line in the 5min chart) and has retreated but as yet no lower low on each successive cycle. We have however, come a long way in a short time and i am not happy to go long euros and perhaps still favour the short side but like Friday am unwilling to commit to any trade plan until we see where this market is going. The DX is also an enigma to me at the moment and i have no feeling either way but until direction become clearer i am watching some very overbrought markets which i will be posting on this week....Coffee, grains ( especially Corn), beans,Copper just to name a few and YES the video (2) is finished and will be posted within 24 hrs and i have had time to finish some of the resources that have been unfinished and will be also updated/posted soon.


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