Tuesday, May 15, 2007

CPI is Lurking At the Corner..

Price action these past two days sucks big time..the euro has been confined to a 35 pip trading range for the past 24 hours. Everybody should be on the sideline though. Perhaps CPI news tonight should move euro out of its range.
Pivot Point:
R2 = 1.3573
R1 = 1.3556
PP = 1.3540
S1 = 1.3523
S2 = 1.3507
Trade ideas = sell 1.3573, buy 1.3500-10

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