Monday, October 27, 2008

G/U Follow up

My trendline was broken to the upside and an 80+ point run up occurred...backed off at 1.57 and 1.56 will now stand as support. If we can get a break of this, I'll look to see price come back down to the double bottom @ 1.5275. Otherwise, we may see the USD give back some in a retrace.

Watching, waiting :)

No comments: