Monday, September 26, 2011

Dollar strength of the last month is weaker.

Much is said about the Euro zone, but it's not as bad as the United States, the Euro and Sterling are stronger today, the Sterling is above 1.5500 as of 7:30 p.m. est., and the Euro's fundamentals are stronger, this morning, tuesday at 2:00 A.M., more fundamental volume will be in with, consumer confidence news, I'm in all ready at 1.3512, it's about 7:35 p.m. est., I maybe out before the release, more than likely within the hour or 1.5 hours, if the Euro breaks 1.3535, technically I'm  tracking 100 pip move by 12:00 noon, est. Tuesday the 27th, that's a technical move, we have news coming out so, the release my be negative..., if so Euro strength will be delayed, but recover.

The Sterling is holding above 1.5500 which is strong, if Sterling bulls come in during the Tuesday London session, the next 250 pips should be bullish for Sterling.

Thank you for your time and have a great day...

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