Wednesday, July 15, 2009

Still watching nothing, giving this market room to breath...

We're seeing some bull EUR/USD action which I look to see continue. The pair has been in a tight range lately and will need to relieve the pressure by going one way or another. I don't want to be stepping in front of any trains and after the tight range we've seen the last couple of weeks, those trains will be moving fast. USD/CAD does have some more levels coming up below 1.12 but I'll likely stay out of those. Nothing looks clear right now.

Back to the waiting game :)

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