Thursday, March 12, 2009


The longer term shows a seemly different picture. Since early March, the pair has been trending towards the 93.40 level which in the past has had multiple tests going back to November of 2008. The pair will need to break below the 95.50 area to give light to another test of this major support in the 93.40 level.

Its always a good idea to review the near term trends in the shorter charts and then to check the big picture perspective in the longer term charts like the daily.

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