Wednesday, 23 May 2007

Thursday 24 May, 2007

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.

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