Tuesday, July 22, 2008

Key Levels

Key upside levels:

1.5823
1.5834
1.5862
1.5881
1.5904

Key downside levels:

1.5754
1.5739
1.5718
1.5703
1.5683

Beware of today's euro data which is forecasted weak to the downside... keep a watch on oil and gold

I will be looking to short any rises I can get my hands on. In order for the euro to gain any upward traction we'll at least have to sustain a break above the 1.5810 level.

On the downside, a clean break of the 1.5750 level opens the door to run down to test 1.5700 and then points lower.

Be smart. I expect we see some more shaninigans over the next 14 or so hours.


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