Sunday 3 October 2010

USDX & Euro$- Outlook & possible reversal dates?

The RL i have had my eye on in previous posts is approaching and by simple bar count and reckoning should arrive Wednesday or Thursday this week coming. My experience is often RL's exert upward pressure before price touches them and sometimes price will drop through a RL as if there is nothing there- it is difficult to know , but we do have an area of confluence of the pink CL plus the up sloping RL and the 'phyc' level of 78.00 figure.

No comments:

Post a Comment