Saturday, October 4, 2008

Euro Tests Major Support

The Euro has had a significant down move over the past 3 months and is now testing major long-term support. This area of support also coincides with the 50% retracement of the 2005-2006 bull market.

I think we may see a bounce in the days to come which means if you are short this market you may want to lower your trailing stops to lock in profits.

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