FOREX PRICE CLUES

 What follows below are the Forex Price Clues using the March Euro futures contract displaying clearly that the larger True Trend is DOWN in the Euro currency presently.

 The media and market pundits, of course, have mainly touted how weak the US DOLLAR is.

Logic would seem to be on their side, what with all the currency being printed and created with the bailouts.

However, as you can see, the real weakness is in the EURO relative to the US DOLLAR in truth.

Logic, it seems, has nothing to do with REALITY.

Work with what you SEE, not with what you HEAR!

Now, thats the LONG TERM TREND.

What's happening in the shorter term is that the EURO has been RISING over the last few days (see the chart below).

This very short trend will continue until price drops below the Golden Line shown in the chart below.

The longer term True Trend indicates that it will most likely happen as longer term true trends don't change weekly easily.

Bottomline: The odds are very, very high that the downward price momentum will continue, so, watch for it to break to the downside below the Golden Line. - George

***IF you're interested in learning how to do this for yourself in the Markets you choose to follow, contact me by e-mail to get on the list.

I'm working on preparing the material and I'll contact you when its ready, you can contact me by e-mail at process@theshamanstent.com

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*NOTE PLEASE: Remember, these chart posts & analyses are for entertainment or educational purposes ONLY and only express my opinion and are not a suggestion to BUY, SELL or even trade at all. All trading is RISKY and you should consult a professional. I am merely a student of the markets and Mankind and not a licensed advisor or broker.