With Bernanke having given no clear direction for further interest rate hikes, the dollar succumbed to yet another selling pressure in the absence of the release of any fundamental data. However, the euro has been trading in a tight range as of late, and I'm expecting a breakout to happen today or tomorrow..Good luck guys! Arrividercci!!!!!!!!!!!!!!!
Today's Pivot Points:
R3 = 1.3943
R2 = 1.3883
R1 = 1.3838
PP = 1.3778
S1 = 1.3733
S2 = 1.3673
S3 = 1.3628
Today's Calendar:
1. Second-tier news--> US Unemployment Claims 8.30 pm
Today's Strategy:
1- Buy euro on dips, 1.3750, 1.3730
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