Monday, March 05, 2007

If It Ain't Broke, Don't Fix It, If It Broke, Fix It!

Well, the euro broke its trading channel in London session on Monday. The medium-term outlook remains bearish for the time being. For scalpers, 1.3080-1.3100 presents good point to buy. Start selling again when the price hit 1.3140-50 or when the 4-MACD is in overbought level.

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