EURUSD
Momentum seems to be putting itself into an possible bearish divergence. Today's candle jumped over the resistance of September 22nd 2008 at 1.4874 and it is now at 1.4949 I now consider the dollar's decent unstoppable...now let's look at the daily JPYUSDJPY
I've drawn out the bullish convergence on momentum. If it breaks the topside channel I see it going back up to July 13, 2009 support but now resistance at 91.72. Other wise I see it drop to January 21, 2009's 87.13.I also saw today's Boston Metro on the T ride to classes. The headline read: "More Debt, Less Work for Grads" I certainly hope that is a contrarian signal!!!
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