Thursday, August 24, 2006

fx market

hello traders,

todays ifo index supported eur,

later important us data...

eur-usd - during asia session tested 1,2760, but after ifo pair taken out resista at 1,2790 and 1,2815, next at 1,2850 should be tested, next direction we will see propably after us data,

i took small longs, sl at this moment i have on entry....

usd-jpy - tried to take 116,50, but this level still holds, i took small profit from longs....

usd-cad - longs was stopped out after inflation data, stand aside...

gbp-usd - while 1,8870 holds still prefer longs, first resistance 1,8945...
two things:
1. if todays us data will be worst....
2. and tommorow gbp data will be ok...

we should see big up move...prepare to long....

eur-cad - i took small longs, double bottom on 1 h chart....

good luck

for more details
wilpi@wp.pl

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