Thursday 13 January 2011

USDX & €$........"All good things come to those who wait" !

Two major RL's sit right across the path of the Euro( i have increased their line width). Both these have been 'featured' before in this blog...but here they are in two small charts below. It looks like the time has come for a RT but another probing attempt s/b expected on the upside.










The DX sits exactly where we expected support but i expect a dip below this RL













Remember these charts are RL grids and s/b viewed in not much more than a 1 or 5 and occasionally 15 min TF ( unless fixed in 1:1 scale which is impossible to use)but are reproduced here to show the position of the high TF RL's

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