A.M. Look 2/11/11

We show a double bottom in the Euro @ 135.08 with Fib matches @ 134.75…Do not sell weakness.

USD/JPY…83.80-90  (App 119.20 ish futures) has been sticky for the past few quarters. Do not buy dollar strength or sell futures weakness into this zone.

GBP/USD  160.20 should be monitored as a pivot. All new strength above will elicit a short covering rally there.

There will be stops above last nights high in the oil.

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