Thursday, December 14, 2006

At Support

Yesterday's better than expected US retail sales numbers gave the US dollar a quick shot in the arm. But this only succeeded in taking the EUR/USD pair to our support level. Since the Euro has been range bound recently, we will wait for a clear signal before committing too heavily to the market.  As always, we'll look for scalping opportunities as they present themselves. Current bias is down, but we will try to catch a few pips if the market breaks above 1.3215.

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