Tuesday 1 September 2009

Message 35

Price rose to a high of 1.4377 and then fell again down to the 'inner' support line. The range between the two inner support / resistance lines is too small for me to trade and with economic news out in the US at 3pm (as highlighted in the message below) I will wait until the dust settles following the news release to reassess...as mentioned below I'm waiting for a breakout in order to go long / short at the main support / resistance lines.