Tuesday, 3 April 2012


This has surprised me. We have failed on the second attempt but this does not mean we give up on breaking upwards again. If we hold here at 1665 then we should see 1680 again today if we can get above the horizontal RL at 1675 otherwise the prognosis will look very bearish short term if we break 1660. EurUsd also looks to have run into sustained resistance at 1.3365-80 but if todays low holds at 1.3300 I think we will break higher.

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