Yesterday, the market opened at 1.3515 and had an upclose at 1.3571, I said it will be an upclose above 1.3643. It did reach as high as 1.3741 but the high was not sustainable.
DAILY CHART
Today, the market opened at 1.3570 and the daily pivot is at 1.3598.
I believe the market will try to trade at 1.3648 but it may not be sustainable and will probably trade down to 1.3454. Not much fundies coming out today except for the
Pending home sales for the US at 10am
so we may not see too much surprising moves between now and then.
UPDATE @ 4.28pm
The $ weakened when the London session opened by approx. 123 pips. UK is receiving a bail out plan of 50bn pounds. Can't get into details that much as I have a flight to catch.
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