2007-06-03

Last week we had record low USD/JPY and AUD/JPY.
However, the EUR/USD is little bit unclear. May be I am unpassion, but we will see.

Let first see the 1 day EUR/USD chart
situation is unchanged - a triangle, but now, the long term support (blue) is higher that the short term downtrend (brown). We are on the bottom, BUT we may expect some more downsize.

Now, lets see 8 hours chart.
Here, we can see the "part" of the triangle. I expect prices now to go once again back to 1.34. This is because of downtrend channel, and because long term support was not soon tested (blue line).
Then, we will have up-down some time, because we still have wide range - 1.3390 - 1.3530.

Finaly, USD index chart - we are still in same possition as we were 2-3 weeks ago. Some more upside must occure. It need to :)

Happy week and good trade.

Soon I will prepare something nobody did before me - a ratio between Bulgarian stock index BG40 and Gold, USD index, Dow and DAX/FTSE

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