Friday, August 12, 2005

20050812 The 1.2400 level proves to be strong, bears driving down to that level after the trade deficit numbers release, but failing to sustain downside, resulting in a cose above the midpint of the candlestick. But the candle still shows some selling, could be attributed to profit taking. Uptrend intact barring take out below 1.2400 on futures. Posted by Picasa

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