Today we have US durable goods and new home sales: Plenty of liquidity!
USDJPY: flashing FLAT
Grossly overbought and continuing to trend higher. Wait for retracement.
EURUSD: flashing SELL
Grossly oversold. Trending down. Wait for retracement.
USDCHF: flashing BUY
Grossly overbought. Trending up. Retracement complete? We have a long position.
Wednesday, 23 May 2007
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