2007-05-23

The great forces are in motion again, and we are back in the business :)

Today action in EUR/USD was nice, we did some profit, by buying @ 1.3430 !!! :) but we sold everything very early. Later we had 1.3500, then decline.

So back to the charts:

1 day - analysis stays the same. The long term support is close, but holding. Resistance lines are unchanged due we did not have any important high today.
I will mention again, we have a triangle - see brown and blue lines.

4 hours chart - nothing new too. Todays high @ 1.3500 looks lika a spike here, we can expect the price to fall to ~ 1.3410, before raise to upper boundary of the channel, OR before break the triangle on the 1 day chart.
In this case price will go to near 1.3690 and then 1.37 or more. However this scenario is for future play, not for the moment.


HAPPY 24 may !!! АБВГД !!!

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