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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
Good luck to you.
agree... very sensible thing to do....
4150/4200 level would be well defended... and would likely see some good 400/500 pip pullback.... initial rejection from 4150/4200 level wouldn't mean resumption of downtrend and should be considered correction until 3428 level is broken....
anyway... key to downside would be 3428 level....
well.... cat wouldn't have any idea what we are talking about... LOL
I rely solely on the market to show me where it wants to go.
And currently it shows me it wants to go upwards still. And I will play that momo until the market tells me it wants to go down. It is as simple as that. This is why it is not a good idea to assume the top will be at that level or that level. You can have guesses for possible tops based on your approach but the final word is that of the market.
anyhow.
USDX also gonna test 76 b4 a correction in USDX.