DislikedDAX support managed to push EURUSD to the top levels...4H is very bullish on DAX so 1,3860 still in play.
CPI results were I guess intraday bullish.... till USA results and NY we could see some corridor play around 1,3790-1,3820 and then they will decide.
Will add my short position accordingly.Ignored
4H candle on my screen closed...nothing really special about last 2 hours - movement around 1,3790-1,3820 level.
Also DAX working its way back up to 5970 level to test first big obsticle at 6.030 level. Downgrading Spains covered bonds is a passe and nothing really strong on a table. "The fuck" Berlusconi will get a confidence vote.
We could see another push an try upside in next 2 hours for sure. Let us see....
Last week on friday we saw a downgrade of Italy and? at eight oclock in the evening which meant a 150pip correction on EURUSD - maybe today we could see France downgrade and some real action for next week. G20 still nothing clear for now.