For those who have been following the EU trend recently, you’ll be noticing that the trend is actually going down; meaning a BEARISH trend. Tonight is no different. Supported by these two news, namely the BUILDING PERMITS and the PRELIM OUM CONSUMER SENTIMENT, my bet is for the USD to go stronger against EUR and even GBP.
so stick around toninght. don’t go anywhere. we’ll trade till the last dollar! adios!
look for this support and resistance lines:
Support Comments
1.3366/61 Dec’04 high/August’07 low
1.3312/1.3264 .618 Ret (1.1640-1.6038 rally)/Jun’07 low
1.2980 Jun’06 high
1.3058 .618 Ret(0.8231-1.6038 rally, monthly chart)
Resistance Comments
1.3682/66 April’07/Dec’04 highs
1.3852/82 Sept 11’08 low/July’07 high
1.4015 Oct’07 low
1.4073 Sept 16’08 low
p/s: Malaysia time zone is GMT+8. 
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