Thursday, June 25, 2009
Tuesday, June 23, 2009
Finally there is a Breakout today after ranging for the whole week. Price bounce of the monthly pivot support and broke the upper trendline. If price can stay above 1.4000 today, the uptrend is still intact. Be careful of FOMC meeting tomorrow.
Saturday, June 13, 2009
Price is now at 1.4000 the Neutral Zone. Last week's candle is a doji with a high of 1.4176 and a low of 1.3804. A break of the high or low of this weekly doji candle will determine the direction of this pair next week.