Wednesday, June 9, 2010

Euro (Update)

We failed to get upside confirmation today.  The market rallied overnight and most of the day only to sell off pretty hard in the final hour.  We are looking for a close above 1.201 to initiate a High Close Doji pattern.  While today's close fell short, tomorrow is another day.  The 10 DMA is lurking overhead around 1.2095, which will present the first line of resistance.

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