What did i say about EURUSD "short term bullish yet needs to bounce on 1.294" ? That's exactly what happened, however further buying and even testing of the resistance level as new support is likely to send prices higher, possible to 1.353 over the next few days.
ER: still some uncertaintly ABOVE 437, so while we're not overly bullish, this may be a signal that sellers are about to give up.
ES: same here, and despite a strong day yesterday, we can only see a bumpy ride with a few retracements along the way. The level 812 seems behind us though.
Tuesday, January 27, 2009
Market update - Jan 27th '09
