Thursday, April 2, 2009

Euro Gains Stall by 61.8% Fib; Dollar/Yen Fresh 09 Highs

Euro rallies stall out by 61.8% fib retracement. Dollar/Yen to fresh 2009 highs; stalls ahead of 100.00. Cable poised for close well above 100-Day SMA; exposes 1.4990. Dollar/Swiss well propped on dips in the low 1.1300”s as expected. Dollar/Cad profits booked as trailing stop hit; bullish outlook unchanged. Australian Dollar considers major double bottom prospects. New Zealand Dollar dashes hopes for hourly h&s top; stalls by 78.6% fib.

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