Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Wednesday 26 February 2014

EURUSD

Yesterday's chart was a stripped down version of today's. Just wanted to keep the SMA cluster in mind - we have the 20,50 & 100 day SMAs, all in the 1.3620-1.3650 zone, along with the 20 & 40day FLDs - see red sidewards arrow in main chart. I'll not be betting on a 'cut' here and will bank all shorts or cover as price approaches (if it does!). The market sees the triangle that has been building of late, but unless last week's high is taken out, I am short and hopeful, whilst my trend indicators show the 5x10 & 10x20day trends are bearish (sub chart)..

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