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Monday, October 06, 2008

EURUSD: 10.02am

This was taken at 10.02am on the hourly chart so the new candle is about 2 minutes' worth.

This pair hit a new low when it opened at 1.3645 so looks like we are heading south today. The daily pivot is now at 1.3653 so this will determine pretty much where this pair wants to go today.

The QQE is currently at 33.08 and is trading below the MA6.

Watch out for 1.3609. If it closes a true body below that area, we will see a fall. It it trades above 1.3653, we will see an upclose.

1.3698, 1.3710, 1.3749.





10.18am - Market Indices

News Update:
2.44pm Euro Falls to 13-Month Low as Credit Crisis Spread...

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