Thursday, November 23, 2006

US Holiday

Happy Thanksgiving to those who celebrate. Enjoy your turkey and football.

We didn't catch the whole move but we booked profits again yesterday. After topping at 1.2955, the EUR/USD seems to be consolidating before continuing on to 1.3000. The better than expected German IFO data pushed the pair to 1.2971 before settling back at our new area of support. Since the bias seems to be to the upside, we'll try to go long again today.

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