Thursday, March 11, 2010

Euro$ and Cable


Good Morning


The Euro$ has risen as suggested yesterday in a very tight range towards resistance as defined by the channel on the daily chart.


The Gpb$ also gained yesterday and has charted out a corrective rising wedge pattern on the hourly chart. The market stopped at a 0.618 retrace of the last range.


I am looking for confirmation on both pairs of a trade betting that the $ will strengthen today.

If I get a signal i will report it here during the day.


Good Trading

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