Friday, March 20, 2009

03/19/09 Forex Market Comments

All three markets followed through Wednesday's move. Yen's daily range is 306pips, that's 2.1 std over ADR. Euro made another new high in twenty trading days (H20). Pound's daily range is 435pips, which is just 19pips shy of yesterday's move. Looks like all three markets find their support and resistance. We might expect some congestion behavior.


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