Update – 5 April 2011 Cable faced selling pressure at the resistance zone indicated (orange triangle), but found support in the countremove and subsequently broke the resistance zone. Watch out for reaction at the levels indicated and previous swing highs. Target for the move is 1.6460. Update 10 April 2011
Browsing Posts published in April, 2011
Update – 5 April 2011 EURUSD continues the bullish move from the indicated buy zone (green triangle), towards target at 1.4350. Watch out for some profit taking and sellers coming in. The descenting trend line coming into the picture is based on the 2008 and 2009 highs. (See also third chart in this post). EURUSD [...]
