Thursday, October 25, 2007

Choppy Market Continues

The market has been a bit wild this week making it difficult to trade. That may continue today. The overnight surge in the EUR/USD currency pair brings it ever closer to a major resistance at 1.4340. A break of that level will have the bulls running for 1.5000. But given an excuse, the market may continue its consolidation. An anticipated rebound in US durable goods order could be that excuse. The US releases the durable goods numbers and the new jobless claims at 12:30 GMT.

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