Tuesday 23 November 2010

€$ & USDX



OK, nice short trend as we all expected....If you can't get a few pips in that market you should consider basket weaving instead. However now i think we are at a critical level at 1.3400 and i am looking for a short term bounce-maybe back upto 1.3450 . The DX is bang on a resisting reaction line and the €$ is also on a reaction line. I do not however think the Euro will take much time before retesting 1.3400

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