26 January 2010

EUR/FX : Weak Across

  • EUR/USD last at 1.4083
  • Monthly : Black candles headed lower.
  • Weekly : No question about downside potential.
  • Daily : Awaiting turn after short term retracement. Looks like its happening now.
  • Already short. Sell stop-in below 1.4025 recent low to add on.
  • EUR/JPY last at 126.54.
  • Looks like broken out of multi-month consolidation rectangle on downside finally. Need a close this week below 126.85 to confirm.

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