Speech-bomb (6:30 PST): Japan to buy European Stabilization Funds....Everything popped, but for now, EUR/USD still running into 1.3135 resistance.
sf_photo51
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Small correction -- shouldhave written earlier "2-day 133-tick chart" not 233-tick (all else same -- force of habit, 'sorry)
sf_photo51
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-- /CL against the EUR/USD
mantasg
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looks like we aproching ressistance on CL I hope it will be taked out :)
sf_photo51
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2-day 233-tick chart of the Euro-USDollar pair, showing trend reversal on my site's Chart of the Day (not sure how to post a screenshot here -- anyone know?)
sf_photo51
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And thanks for your comment. If you think about it, oil is priced in dollars (are as most commodities, though Gold is its own "currency" as well as a commodity, & it has its own life that's not sync'ed w/the rest). So when oil goes up, the dollar is weaker; other currencies adjust in "normal" situations. I'll post later a chart of /CL vs the Euro. Also, see my profile & site there if interested. BEST! :)
sf_photo51
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(OK -- I found the oil futures on a separate tab ...not used to the site's layout just yet, but getting there). Anyway, correlation between the currencies still holding up just fine :)
mantasg
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Intresting but I think it's more advanced style to trade but anyway thanks for advice
sf_photo51
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As long as oil futures (/CL -- which unfortunately can't be charted here as far as I can tell) hold $92.90 / $93, the Euro should be fine around 1.3038 or above, barring world-events affecting either. Even if it should fall for a stretch, it'll bounce right back up again on its weakness tonight / this week. Anyone know how to post a screenshot of what's not available to chart here ? Thx !