Friday, February 24, 2006

Market Update 2

EUR
Should stay below 1.2045/55 to continue down to 115<>114 price levels.

GBP

prev: "GBP could stay above recent low in GBP and correct to around 1.74<>1.76 (7433 and 7545) before it continues down to mentioned prices."

Reached the previous post target, now above recent high at 1.7555 up to 1.7662.
On immediate continuation below 1.7440/20 and 1.7281 to retest 1.7047 but probably to continue to 1.69/68

Both GBP and EUR are set for a possible continuation down, but could correct further up.

CAD
Probably down but from 1.1543<>63
Above that 1.1635 to 1.1720

Gold down to 538.4 and blow that to 514.46/513.05
Crude probably one more leg up to finish correction, should be limited to 63.20<>64.40 then down to 50 targets (details posted in other posts)
ID

Note: mind possible news spikes which should not be taken into consideration.

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