Wednesday, December 14, 2005

Eurocurrency


Here is an hourly chart of pit and electronic trading in the March '06 eurocurrency futures.

I see support around 120.00 and from there the market should advance to my next upside target around 122.50. The whole move upward from the low at 117.10 should carry into the 123.50 to 124.00 range before the bear market resumes.

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