Tuesday, May 24, 2005

Signal #1-1: Closed EUR/USD at 1.2610

“People may be worried about maintaining those big dollar long positions.”
“The correction is very small, and we think it's going to be temporary.”
“The market is taking a breather in the rally.”

As you already heard, the euro position opened yesterday finally wrapped up a loss of 65 by mid afternoon. Technical indications developed in the early morning have actually been ignored due to my persistent dollar bullish stance.

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