Thursday 11 November 2010

€$...continued, again

I am beginning to look for a new low pivot ( short term ) and am watching the upcoming RL from the dark orange d/s fork that would support price above 1.3615-25. Price action is certainly getting a bit tortured now and i am out and flat and until we see a RT & i am not sure how much is left of this weeks move down (after all we have come down from 1.4280 to1 1.3650....that's approx 600 basis points in 4 days....but "those who pick bottoms get dirty fingers" as the saying goes, so will wait for price to show me when and where. This certainly doesnt mean that i am bullish euro but have alook at the DX...its stuck on that dammed green UMLP


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