Wednesday, May 18, 2011

Todays Market

EURUSD and USDCHF changed their main moves of the day invalidating some intraday setups for now. With less than 1 hour for NY open, we could still see expansion for the weekly ranges.

 Cable made the fastest/greatest move of the day thus surpassing its average daily range before NY open. Look out for short positions with daily, weekly and monthly trends aligned for the remainder of this week.

As mentioned earlier today, the USD index is still trending upwards before NY open. Lets see what happens.

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