Mon, Sep 21 2009, 14:15 GMT
by Anthony Samaha
(21September US) Latest Impact: EURUSD Top Incomplete!
Plenty of countries on vacation, adding the Japanese 3-day as well this week, G20, FOMC and other fundamentals are all nothing but a nuisance for traders. The today’s strength in the dollar is nothing more than a correction after few weeks of hammering, and a close below EUR14630 keeps the focus with the bears. If done, then selling 14662 for less than 30 pips is of no harm.
On the other side, GBP was pounded deep last week, havocking all demands levels, and while EURGBP is due to a correction once getting close to 9100, the retracement of the pound is not nullified. A close below 16100 allows 15700 to be seen in the coming days/week.
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Published on Mon, Sep 21 2009, 14:18 GMT
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