Friday 7 October 2011

EURUSD

OK, I am still bearish and suppose i should not have been so surprised how strong a trend this is as we have reached its objective at the 1.3500 area. Now we need to know if we are going higher? I think we might make a series of tops but price seems to be struggling above 1.35 (and so it should with the Eurozone nothing short of a shambles still). For the moment i watch and wait as ( see previous email) i expected a classic wave off the lower thick blue ML and a nice return to that line and eventual penetrations...it may still come

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