Intraday Market Thoughts
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Archived IMT (2010.04.06)

by Ashraf Laidi
Apr 6, 2010 15:20

WEEKLY CHART in EURUSD and GBPUSD http://chart.ly/dz8xg6 demonstrates the importance of consistency when taking a position in these pairs. What was a key trend line resistance at $1.38 for EURUSD has now become $1.3580. Similar formation is looking up for GBPUSD as $1.53 looking increasingly out of reach as far as daily closes.

 
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