Friday, July 11, 2008

Major currencies July 11 Forex



Dollar looses about 1/2 % against most majors and .74% against the yen.

Euro Dollar approaching target highs

Excellent swing entry from 1.57500 as movement was confirmed in most time frames. Big move.

Looking for a little resistance for a day or two then a push up probably off the news of ECB release. Dollar looks like it will be shedding a little more value.




Japan's Nikkei stock average fell 0.21 %. Britain's FTSE 100 fell 2.69 %, Germany's DAX index declined 2.41 %, and France's CAC-40 fell 3.09 %

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