Thursday, March 18, 2010

FOREX MANAGED ACCOUNTS /

FXDMG The past 24 hours has seen the EUR/USD in a down side pattern that started just above 1.3800 the figure, with the current direction slowing down and loosing steam on the 15 min chart MACD.  GBP & CHF tracking properly, it is wise to watch for direction change. This move  has rested or retraced 5 time in the past 24 hours, and is resting at the bottom of the Bollinger Band on the 4 hour. A wise precaution is to watch the news items today as there are several that may move the market. In past days the news didn't have much of a punch but now is not the time to be complacent. KEEP AN EYE ON THE 15 MIN. {Will supply charts next week} FXDMG

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