Wednesday, October 20, 2010
I'm off to an appointment (with my swimming pool) so I'm not trading for the next hour or so. Right now Euro looks suspicious. After a high of 1.3850 it's retesting a broken uptrend line on the short-term charts. There's confluence and resistance up ahead at 1.3892. I still have one short position left but I'm going to wait and see on this one. If it breaks below today's low of 1.3698 then I'll assume the downtrend is resuming. But it may only retest that level as well. More later.