Monday, November 20, 2006

Which Way?

We start the trading week with a market in search of a direction. Our bias appears to be to the upside, but the EUR/USD is having trouble getting past resistance at 1.2850.  We'll look to go long on a breakout.

There is little in the way of news expected this holiday shortened week in the US.  Leading economic indicators today and University of Michigan consumer confidence numbers on Wednesday.

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