I will be watching this hourly close carefully. Lows have been breached in quite a few pairs, but no follow through, which would suggest that we have probably seen the lows for today and the week.... With G7 and a myriad of rumours floating about relating to emergency meetings by Eurozone and ECB officials, traders will be keen to lock in profits and minimise exposure over the weekend.
Should we indeed get doji bottoms in a few of the pairs I will close another 1/4 @ market and call it a week.
Saturday, 6 February 2010
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