Wednesday, February 3, 2010

Short Over?

I think the Sterling won't make it to the short side daily trend line. Between 1.5865 and 1.5880 will probably be the limit on the short before it moves long. Now, I expect it to trend long to the upper trend line on the daily chart which is currently at 1.6754. It may fall a bit short of that but will make that call when we get there.

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