FX Weekly Report

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Where is the bottom on the EUR/USD?
Tue, Sep 2 2008, 14:34 GMT
by Pierre Charlebois
www.TradingPostFinancial.com

Indeed it is becoming quite difficult to believe that a bottom even
exists on this pair. However with the recent moves appearing choppy
this is an indication that the trend is coming to an end. The most
likely targets are 1.4435 or 1.4300.
I dare say that when a bottom forms and a re-tracement/reversal
takes place the counter trend will be swift and strong so be prepared
to change your bias when this happens.
Remember to be patient
here and not to jump the gun on a buy, as it may take the balance of the week or
even into next week before the tied turns.
Published on
Tue, Sep 2 2008, 14:37 GMT
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