Thursday, February 5, 2009

euro jpy

Green line is DOW, other is EUR/ can see close correlation, and money markets being much larger than equity makes me believe that the movement of EUR/JPY leads the equity mkt. KEY support at 113.71.. abreak below there WATCH OUT BELOW on other hand...a break above that descending trendline may set us up for a larger rally in equities...(in EUR/JPY back to 130 level) stil waiting for the decisive move....

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