Thursday, 14 July 2011

Looking for the end.

Today we have another day with indecision in the market, it looks like fundamentals are going to take part in the last two trading days of the week, while in Europe debt crisis is still on goverments diary, US government is still looking for a solution for their debt problem, so all we can do now is wait for official numbers.


It looks like in the short term we can expect to reach the resistance at 1.4430, but to reach this area, we will have to see first the break of the EMA 8 and 21 with a strong signal. In other market news, gold made a historic max and silver rallied up yesterday, this is caused by all this indecision in the market which makes most investor to put their money on safe positions.

Thanks

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