Saturday, August 09, 2008


EURUSD is usually not included as a free report on this blog, yet is commented along with the Russel report. The latest market action is however quite exciting, so here is my current outlook (see screenshot above).
We'll watch for Entropy weakening and one of the three coming support levels holding to a retracement to the 1.533 level. We'll also note that the trend reversal is about to be confirmed indicating a durable change in market sentiment (over a few months horizon that is).