Thursday, January 03, 2008

Euro at a crossroads


We went long with the Euro up to 1.4750 and that is now the barrier to be broken or we could see a major price rejection.


Technical Analysts can argue the case both ways, the bulls will talk about a reverse head and shoulders pattern whislt the bears point to the quadrupal top formed at 1.4750.


Whichever way it goes, expect a strong move.

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