Wednesday, September 16, 2009

Euro Again

Once again . Probably safe to say that a pullback below 1.45 will have the momentum guys on the sell side. Even getting under the trend line support around 1.46 will scare off the buyers. Notice the .236 retrace point there of the last leg up from 1.4190.   In other words the Euro has to keep accelerating, something it's been finding harder and harder to do lately.

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