Thursday, June 2, 2005

Signal #5-1: Set GBP/USD TP to1.8225; Signal #6-1: Set USD/CHF TP to 1.2432

"The U.S. dollar is losing some support from the interest rate side."
"Some of the euro's rebound is based on the alleviation of uncertainty and now the elections are out of the way."
"The euro's decline does look like it has overshot."

It has been very volatile for the past two days. My positions are still losing ground at the moment, but not as bad as before. However, I am still optimistic on the outlook as the system re-confirmed this morning to continue holding such positions until being profitable.

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