Posted by millionaire | Saturday, March 21, 2009 | | 0 comments »


euro weekly rebound strongly last week and stop around 50% fibo line,short term top likely in place around 1.3740,small retracement perhaps contain above 1.333 support,one bearish candle closing below 1.33 should suggest more pressure to downside again but if the previous high around 1.3740 breakout,further rally probably to try 1.3796 first where a closing above should bring eur/usd to challenge 1.3840 and maybe extend toward 1.4310.

point to ponder,candle resistance 1.3740 ,1.3842,1.4310 and support 1.3517,1.3430,1.3330


Cable breakout daily trendline succesfully,look like small retracement in progress should contain above 1.4181,further rally could be seen when previous high 1.4596 breakout toward 1.4660 as an immediate target,while one bearish candle closing below 1.4181 indicate more downside pressure still favor.

point to ponder,candle resistance 1.4596 ,1.4660 1.4816 and support 1.4303 1.4181,1.4090

please take note that price should bounce or retreat around support or resistance before resume a clear next direction ahead.

Last but not least,all the best trader,everyday is always a new life;)

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