Pivot Points Calculation for today
R2 = 1.3667
R1 = 1.3605
PP = 1.3558
S1 = 1.3496
S2 = 1.3449
All eyes will be focusing on Ben Bernanke and the gang, to get a clue on the Fed's stance regarding the US economy, growth and most importantly inflation. A surprisingly neutral or dovish statement will send the euro back towards its all-time highs. However, the rebound dollar will knock euro's ass down a peg should Bernanke being hawkish.....just like it did last night. Sorry for my bad language..no offence.... I like to quote it as 'a serious kick in the butt'. I'm not in a good mood today...I can curse and cuss, using bad languages all day long if i want to...
Trade ideas = short-term, buy at 1.3520, short-term, sell at 1.3590-3600.
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