15:15CET
That's a good question, and certainly very little can be added other than QE2 and some other usual stuff is being pumped into the wires to justify the selling of the USD. I mean, yesterday it was a buying day.....today it is a selling day. Period. The situation is getting a bit nasty technically speaking, for the technical triggers that we were expecting would cause some concern to the perma-USD bears have not only not achieved that, but some of them are looking uglier every passing hour they don't get confirmed, like the H&S pattern in 4hr Gold chart. Technically speaking, I have to add, the current levels are nice for USD buying, but again, this irrational market may make no technical sense at all and ignore whatever the signals that keep on coming.Posted via email from MT4
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