Wednesday, July 13, 2005

Your Anchor is Gone, You've Been Swept Away...


The power play on the major recovery against the USD was negged today with a reasonably good trade balance number for the greenback at -55.3 bil for the month of June, and a small revision for May... for now, we're back to a consolidation range, and I don't have any strong signals for letting winners run, thus tightening my stops again... but I'm look at brief reversal on the eur/usd to 1.2150 range... nothing to write home about...

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