Monday, March 28, 2011

Currencies

Today seems like a good day to use the momentary strength is the Euro to either short the Euro (FXE) or buy the Dollar, UUP. The big picture, which I'm presenting below, looks good for the dollar

 FXE is showing a little strength as it is caught between support and resistance, the upside risk  with a stop above resistance is pretty small.

 FXE hourly chart in a leading negative divergence.

UUP is in a leading positive divergence.

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