Friday, February 20, 2009

Has EURO turn BULL?

Trading Log - 21Feb2009

The week ended with a bang with a huge move with the Euro gaining 250 pips on the day. Is this a bull move for the Euro or just a correction in the current downward trend?

Right now we can't say whether this is a correction or a reversal. We will just watch the levels and let the markets tell us what we are going to do.

However the gap created last weekend was filled on Friday's bullish move.

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