Tuesday 2 November 2010

Euro$- higher?


The USDX looks very sad and the Euro extremely strong. The whole picture for me has changed re the short term and i think we will now see higher levels and the DX may well go down the drain to take out previous lows at about the 77.00 level
The euro is headed for the aqua blue CL (E-Signal chart but the E-signal charts just show half the picture as without the long term RL's it is like having one eye closed and you have no idea of potential resistance/support/reversal levels) so expect to see 1.4150-1.4200 after perhaps a RT at 1.4050





















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