Friday 25 June 2010

€$...here she goes........continued

Maybe i should have called this post "Here she blows".......We are truely on the way up and my belief that this € market still had more potential on the upside seems vindicated. I suggest we are heading towards the shaded area on the UMLP ( top right). This is a major and easy to draw down sloping fork from the most obvious daily/240min pivots (prices are approx P0 is 1.2321 on 3 June -but any of these high pivots as P0 give the same result, then 1.1875 on 7 June and finally 1.2465 on 21/6 last Sunday evening i think) and we never reached the centre line.

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