Thursday, May 03, 2007

Nice Catch For Yesterday...

Yesterday's uninspiring price action produced at least one lucrative opportunity to make profits just based on the bullish divergence alone in the 15-M chart. As we can see from the chart above, the 365 EMA line proved to be a tough nut to crack. However, my preference to buy euro on dips still intact. If I can ride the price breaking the resistance line, it must be quite fruitful..

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