15 January 2010

EUR/USD : Still A Sell

  • Squeeze to 1.4582 2 days ago has not changed the technical picture much.
  • Monthly and weekly : Still bearish.
  • Daily : Beginning to show signs of this latest rally running out of steam. Above 1.4500 not sustained 4 times (days) already.
  • Re-sold @ 1.4490 this morning. Priority consideration given to trade sizing so I do not panic and get squeezed out again.

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