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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
the trend is still very much intact... still bearish... only close above 84 level could see further rally up to 86.50/87 level.... and possibly higher to 89 level....if not... i see a test of 76/77 level... b4 any major rally could take place...
gl/gt
I rather hope the the whole rescue deal will be reversed and to hell with the banks. Iceland GDP is already growing after their people refused to shoulder a 3 decade burden. Why should the ordinary irish working man and women pay for the sins of the banks !
not without a huge fight, as this was a central pledge in his election, to
never accede to Mercals demands
The level he posted yesterday at c.3760 was also important 100% sym and look how the mkt has reacted from within 10 pips of the level. An ABC 100% level can be end of correction so watch sub's levels to confirm or invalidate. Jury is out for trend change until we see some upper fib levels tested.
Japan earthquake a good example of how fundamentals can change on a dime. Will sure have effects upon jpy and Nikkei in days and weeks ahead.
if it can't close above 3850 level... could see 1 more dip to 3690/3700 level...
gl/gt
Yes indeed re thoughts to our Japanese friends. Incredibly resilient nation.