Wednesday 24 February 2010

Euro$ update on yesterday's chart comments

So, It looks like the Euro has held as i suspected on these important long term lines with a 'touch' on the long term LMLP (in blue below) and it is well away in the up sloping ML set and has already hit the centre line and come right back on the lower median line parallel as i write at 7PM Euro time well after the close of the European session and well into the US PM trading session..... Tomorrow a GBPUSD chart with long term support. Yen looks weak tonight especially if we are going to see a $ sell-off over the coming days/weeks...before i suspect we($) heads higher again.

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