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Tuesday, March 25, 2008

Trending Up

Hope you all had a great Easter break.

Not sure if the Euro Dollar has found support here as it is too soon after the hoidays to determine if the markets are back to normality. Looking at the chart below we can see 0.382 has been tagged after hitting the resistance at 2.618 ext, 1.00 two legged ext and the big figure. Stochastics is now oversold and hooked up and XTL is still bullish.

At the time of writing (17.11) we are almost in the buy zone.


Chart courtesy of Advanced GET. Data provided by eSignal.

Forex Analysts
Anne Chapman & Javid Shaik