Eur/Usd..............
Quote:
Looking for same North containment on Eur/Usd at 1.2830<>1.2809 for a South decline thru 1.2750<>1.27 for further weakness to 1.2650<>1.26 basis.
A North continuation would be triggered with a break of 1.2850 for an advance to the Highs at 1.2927<>1.30 level.
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Time/Price has oscillated in the 1.2841<>1.2625 Range as the US Presidential election is ready to Vote...with upcoming FED Policy and firming US Economic Data for the remainder of 2004 into 2005 solidifying. Oil is still the wildcard tho an anticipated pullback has occured from $55.65 to be currently $51.86.
Still Looking for 1.2830<>1.2809 to contain the North advance for South entries thru 1.27 for 1.2650<>1.26 with 1.2850 triggering a North advance for 1.2927<>1.30+ Highs.
USD sits at the 84.98<>85 basis with a gathering of Long Term
factors not seen since the inception of the Weak/South USD downturn....
Major Alignments are Positioning for the New Long Term.
Time for the Fundamental/Technical equation to clarify.