Sunday, April 4, 2010

WEEK April 4 - 9

Pretty calm start for a very busy week for Dollar, Pound and Euro.

A week for Fundamentals.

EUR/USD: I see on h4 and h1 head and shoulder formation.
I am only looking to short after trend line break and retest.
Immediate Support around 1.3481.

See H1 chart






GBP/USD Consolidating near 1.5300
Resistance 1.5293 (Double top)

I expect Feds to change their language at least and or do something about interest rates.

Everyone is waiting for FED's as we saw on Friday NFP showed improvement in US job market.

I am long on Dollar (Short term) and buying dips in Gold.

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