Yes, the last 3 hours or so have been quite strong...
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yes back on track
the retracement from yesterday stopped on the up trend line on hourlies so target 150 + again
Hi All
Would like to see EURO brake 1.48 level,i might just need to be patient though it is showing some strenght just at present!
heres something interesting
i have read Bloomberg has an article on how most financial markets "have it wrongThe article quotes the Merrill Lynch Chief Economist, Klaus Baader, as saying Trichet is NOT about to cut European interest rates. The headlines are seen as Euro supportive!
cheers
roddy
partially closed at 1.48 +200
good one roddy
it seems prudent to just keep on moving stops up rather than setting any targets
as the way the market has moved in the last few days , i would have closed way too early
currently running long eurusd gbpusd euraud
short usd cad
not much to change thinking currently
elliot wave study of bigger time frame
suggestive of a run to 170 + still looking likely
zooming in to dailys shows wave 4 correction which may take action down possibly to test
wave iv low around 15075 before a run to 15450 15500
similar to aud in that the easy pips are now banked and gets a little harder to trade
i have run loose stop loss which will now be tightened
waiting for top as the lower risk big money trade