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Wednesday 6 January 2010

2010-01-06 Morning session preparation

EU: quite unusual drop just before market open suggest further drops, however expect price to retrace to 1.4320 - 34 lvl before that. Don't trade above 34.

EJ: may be nice shorting alternative with 131.25 daily low. If broken may give next 50 pips decrease.

GU: on steady fall, it may either retrace or move sharply lower. If traded I would not expect much of a move today [30-40 pips].

GJ: this pair needs to retrace badly, so expect it today, but bare in mind that GJ is on general downtrend, so treat 148 as a possible top for today. [148.30 is 50% lvl of last 2 days move.]

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