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in Paul's Musings - 19 Mar, 2012
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Going into next week (starting 19th Mar)

Going into next week looks like it will be  quite a busy one coming up pre planned news wise which  as usual will be keeping on our toes with our trading.

The euro took a dip down to 1.30 last Thursday the lowest its been since first week of February. Will be interesting to see if the downtrend is reversed off the back of a head and shoulders pattern on the daily chart.

EURUSD Daily With Head and Shoudlers

EURUSD Daily With Head and Shoudlers

If the downtrend does continue then obvious place to watch is the 1.30 level.

On Wednesday we have the UK Budget release around lunchtime , so that will be a great time to grab lunch as well and stay away from GBP pairs until things settle down after the release.

For our members I have added 3 more pairs to the system NZDUSD EURGBP and CADCHF taking us now to over 200 charts monitored for setups that match our trading criteria.

Have a great week all