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Dollar still Heavy for EUR/USD with Continued Risk Aversion

Posted on February 25, 2009 at 9:33 in Commentary, Market Analysis by Tim Salem

Greetings!

( I apologize, Everyone!… I realized I had the Gold Capture twice… so the Euro is here and all is well…. Post-Time for the Euro Capture now is 17:35 GMT )

I apologize for my “lateness” with an Update…. but overall… not a whole lot of movement in general, which is usually the case with Speeches and Rhetoric and such, as the Markets need time to “digest” the information.

( Plus… I’m a little “distracted” with the Opening Day of Cactus League Spring Training Baseball !… hee hee…. )

Our Risk-Aversion Friend… the Dollar… is still rolling along… despite some decent Euro strength overall this week.

Remember Sunday night when I opened the Blog with the Euro having Bearish Momentum in the larger View?… I still hold my View here.

The “increased”  Fractal nature of both of EUR/USD and Gold provides validity for our ranging sideways action on the IntraDay Level..

The “stairstepping” nature… the building of “baby Flags and Pennants” and the like with Price Action defines this type of “Climate”.

Let’s continue with the Hourly View we have been with all week, and also check on Gold.

Give the Captures a Click, and Post-Time is 14:30 GMT.

 

 

 

 

 

 

Next up with our “Theme” is Crude Oil and our Canadian Dollar from last week… we can check in after the Oil Inventory Report and see where the Loonie has been since our visit last Friday, as we wish to see the “Dollar Side of the Equation”… and the CAD” Side as well for Crude….

 

;-)

 

 

 

Tags: EUR/USD, Fractal, risk, Risk Aversion

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