looks to be setting up for a meaningful reversal in EUR/USD, spike up on the NFM, and now broken below ST support. will have to see, but if we are right about a bottoming, this could be the beginning. target 120, then 108.
GBP has not broken down yet.
intermarket relations are with gold, bonds and stocks so you may want to watch this, altho $tyx has a double gap around 4.75, this creates a stronger attraction for the ST down trend in rates.
klh
EURUSD
Started by
dasein
, Feb 02 2007 10:29 AM
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