Tuesday, April 13, 2010


This pair has gone almost nowhere since I blogged yesterday about it. Yesterday, the pair had a high of 1.3692 and a low of 1.3566 and it closed near the low at 1.3575. This is bearish. There are also cyclical pressures on the Euro which imply further lows. I'm still long from 1.3308 and added to that position yesterday. If the Euro can't break above 1.3692 then it's probably time to begin shorting again. Similarly, a solid close below 1.3556 would indicate that it may be declining again.

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