Flash info on FED and EUR/USD

FED just cut 0.50% from the base interest rate. We will see if this will help subprime lenders, but it has good effect on stocks.

Stocks are up about 2%, including minning stocks.

Gold is almost unchanged - Kitco show $715, my forex account - $725.

EUR/USD hits 1.39.80

Now USD index:
Wedge is almost, almost completed. We may see some more rally in EUR/USD.

EUR index:
Wedge is not completed, but in XEU/USD ratio chart - wedge is completed.

EUR/USD 3 hours chart:
Wedge is completed. Now we may expect move down. This probably will not happwen today.