Sunday, 25 July 2010

Cable, Euro-Dollar, Dollar-Yen and Euro-Yen


I'm looking at these 4 currency pairs at the moment. I only concentrate on the intraday charts for my trading (5 min and Hourly charts) but the daily charts are heading towards a 200day moving average, which should provide some strong resistance for Cable and Euro-Dollar, and the Dollar-Yen 50ma has crossed over the 200ma which could sign a continuation of the downtrend.
Could be an interesting week ahead

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