Mr Bernanke stuck to an academic discussion of inflation last night, providing little to no clues on the Fed's future outlook on interest rates. Today's Pivot Points:
R3 = 1.4039
R2 = 1.3913
R1 = 1.3842
PP = 1.3716
S1 = 1.3645
S2 = 1.3519
S3 = 1.3448
Today's Calendar:
1-ECB President Trichet Speaks 9.00 pm
Today's Strategy:
1- Asian high low breakout.
2- Waiting for a nice sell signal from the EMA 365 15-M setup.
3- Buy on dips, 1.3720 and 1.3700 provide as good supports.
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