Saturday 13 June 2009

THE WEEK THAT WAS


Confused?....you shouldn't be....the EUR/USD in a bit of a no mans land..it's daily trend is still up. I got caught out with the intra-day moves and i'm still reeling from it. This one we just have to sit out until it decides to go in one direction.

Geppy is at it's journey end....the next 4 days or so should give us an indication of what is intends to do...we will get a retrace alright but what kind?...do we range or make a run for it?..Sunday's open should give us some initial indication, a gap up will be really telling...i have 164 as my final stop in the short term before that retrace.

Happy Pippin




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