I dont think it will break down through 1.05 but if it does next target for any real support is prob 98s and then 95s...i still like the DJIA up tomorrow..so CHF will stay low...its so oversold on the daily though its not even funny..monthly chart has crossed lower so maybe she does make another leg lower but if this happens the daily will be like a chart ive NEVER seen b4..go back to March 08 and Nov 07 and youll find a chart like this but the RSI doesnt hang under 30 for this long...its been 10 trading days and now sitting at 20 unless it explodes higher it will take days to get back to 30....+DI is at .08...ADX at 83.......will the +DI go to 0?Im fine letting it go here it cant go low enough to bring a margin call my way so ill let her ride in the account..
I have to say though id have no prob shorting EU,LB or AU at these levels though the LB has shed 100 pips from the high..EU daily RSI highest since December..i said this last week and we saw selloffs in all the RISK pairs...i think it happens again maybe not tonight and entering here may force one to add to a position but i have no doubt it would lead to profit
Watch messn with AU into Fridays close...China trade balance comes out on Sat...prob lead to a gap up or down come Sun night..most think it will show signs of slowing down
Bond yields moved some today another move tomorrow will clear this JPY trade for me +++ a few coins...
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