I was soooo focused on Aussie dollar last week, and I will still do this week. However, during my Sunday night chart scanning, EUR/USD jumps out. I like what it is presenting to me on the chart. I see it as a accumulating process. The strength is building up, and we are firing above 1.5 soon. What do you think?

You can say that we are hitting the resistance level soon. Yup, I won’t ignore this fact, but I am positive. I am looking at 1.5-ish, and the dying USD. Looking at USDCHF and USDJPY, I am bearish about dollar. These are my opinion. And, as usual, you know, I am always wrong. lol

Here is the Trend Score I am looking at:

euro22feb2008trend.jpg
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Here is the ……. CHART!

Another interesting pair that catches my eyes is Kiwi. NZDUSD. We are reaching previous high. I am looking at new high. I will start looking for long entry point when we Kiwi makes new high. Let’s see how it goes.

Here is the Trend Score:

kiwi22feb2008trend.jpg
About this tool

Here is the ……….CHART!

That’s enough for Sunday night. Time to catch some sleep. See you next week, and have a good trading week ahead!

From the desk of Tradergav.com


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