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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
in the begginin they r warm and moisty but later they take away the man's home and the car
however BoJ pumped around JPY 700 bln after March 18... if that isn't enough good bye USD
Euro as reserve currency...or better Russian ruble? Or russian ruble and China Yuan combined?
after hitting 4248 high... it's pretty clear that it was an a-b-c correction..... 4219 being the b and current rally clearly violated that level.... so as long as 4021 holds... we'll see new highs above 4248... just have to see how deep the correction will be.... but for me... it will be limited to 4150/60 level... with possible extension to 4090/4100.....
but the good news is.... 4350 could cap currently and see a dip back to 39xx level b4 moving higher... only clear break above 4350 could see extension to 4450/60 b4 correction lower...
anyway... gl/gt