Wednesday, February 02, 2005

FOMC Rhetoric Will Change the Scene: But For Now, Here's the Technicals...


Long Eur/Usd pre FOMC meeting. Target 20/50 1.3120 MA confluence ushered in as strong break over 10MA, with 1:2 Gann holding as support. Stop at 1.3010 below Major 38.2 Fibo. Don't let German Unemployment shock you, there's been a structural change. Posted by Hello

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