Monday, April 16, 2007

Euro Strength Continues

We will look for the EUR/USD currency pair to continue its march higher from last week, The euro remains stronger than both the US dollar and the Japanese yen. And we still see the EUR/JPY pair in carry trades. Our trigger is set at 1.3567 with tight stops. A clear break of 1.3580 will signal another assault on resistance at 1.3686.

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