Thursday, 18 February 2010

Update

Looking  very much like Euro and Chf want to retest the daily trend break. Hourly 220 sma´s are currently holding up preceedings, once broken we should see price head towards the old res now  support. Gbp is being  held  up  by a  weaker Eur/Gbp, so not  much to do on that one.

USDX also being  held  at  the  hrly 200 sma and daily R1.

Still with Gold, Aussie and Canada holding up near their respective highs against the Dollar, I am not looking for a dramatic turn around in  the  current short term retracement structure.

Yen and crosses as per previous update

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