ECB talk market up sharply

The ECB head talked the market up again yesterday. Anything can happen today up or down. The big boys have very deep pockets though and 200 pips (and more) doesn't faze them.

At the moment GU and EUR stopped at previous R levels. My methods would normally say today should be a buy day, possible sells due to the R level (and the reason for the move up).

At least the system should have caught the move on GU (but not in front of the computer at the time). GU was a possible buy yesterday with the doji on the support level, 1hr had an engulfing close arrow up, 5 min a higher low above the round number.

"Draghi Comments Buoy The Euro and Equity Markets" - Ralph Shell posted an interesting article on the ECB heads announcements, go to the link on the right and to the articles tab, well worth a read.

Oh yes sorry for posting a EUR W chart yesterday and talking as if it was the D.