Saturday, March 28, 2009

Trading Log 29Mar2009

The price reached a low of 1.3256. The successful test led to a move higher. The price peaked at 1.3298. The lows seem to be in place for the day and another move down will likely find profit taking buyers. Note however, that a move below the 1.3248 level should not be faded. A move higher would find resistance at the 1.3315-1.3323 level.

Next support at 1.3100 50% Fibo.

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