Thursday, August 30, 2007

Euro Sends Mixed Signals

We booked a nice profit yesterday as the EUR/USD currency pair topped out at 1.3679. Price is now trying to bounce from the 61.8% Fib level. That could signal another attempt to test resistance at 1.3703. But our indicators are neutral at best this morning. We’ll look to go long again if momentum picks up above 1.3625.

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