Friday 7 January 2011

€$ & USDX

It certainly looks like this current $ move is not over and we do not yet have our new low pivot from this move. The Euro seems unable to make any decent upward retracement over 1.3000 and remains under pressure. Over all i am looking for another short € entry on any rally. Support and my next objective is 1.2825 and a taking out the early Dec low
The DX is bang on the black CL i have long been mentioning and looks as though it will get up over it today and then a retracement and find support on the other side of it and test the 81.80-82.00 area.
Gold looks as though we are finally seeing a decent retracement and expect considerable long liquidation which could take it much lower than the 52$ its already fallen this week.( charts to follow)


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