Sunday, May 27, 2007

Cooler Weather Cancun

Euro Yen undecided.


eventful week in view. Fasten your seatbelts.
Week starts, mostly to Japan, mainland Europe in midweek and weekend United states. We expect about 80
data this week and then we will see some good. The majority of cross
Last week it was congested, and are therefore likely development of interesting trends.

Last week we talked about Euro and Yen have shown how weak it seemed uphill. We see here as there have been no new highs, but we can also see how the bounces on the media have been important. At this point the best thing is to play the breakout shown on the trendline.

My thought is always to bear this cross (but psarticolare bullish for the yen), just making the points made in previous post.

did attempt to follow the signals and trends without being too influenced by our thought / desire.

Movements are very technical and the cross is enclosed in a well-defined range, then we hope that the old story does not change, in fact we are aided by these movements clean. Resistance and support than almost to the millimeter.

In the case of descent, then after the completion of the support dynamic rupture, we laid out some targets, but that its longitudinal axis should be the blue, better still take home the tred slowly develops and maybe make up for revenue short rebounds , helping with some moving average trend during the very helpful in understanding the pullback!

stop loss in hand as always.

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