GU
Fundamental:
There are not many key news today.
But over the last week, UK housing showed sign of improvement. Together with ECB intending to cut rates. All pointing to signs and actions of a road to recovery in Europe.
Goods news by bank in US coupled with better earning reports has pushed DOW up. It may be time for some selling before market deceide its direction
Technicals:
CCI(34) on a down trend.
It has hit its first support at 1.47 in the morning trading. Next support is at 1.465 then 1.456
Resistance at 1.480, then 1.490
Monday, April 20, 2009
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