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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Thursday 12 May 2011

Euro - weekly

yesterday we looked at the daily chart.The weekly is even more revealing,with the huge bearish engulfing candle last week.Weekly reversals were seen in a range of markets last week,increasing the chances that it marked an important juncture (increased risk aversion?)

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