Tuesday, May 25, 2010

5/25 Forex: Euro ghost signals

I've often remarked in these columns about the sad tendency of Person's Proprietary Signal to disappear in the middle of the day: Now you see it, now you don't.

The pps bear phase on EUR/USD and EUR/GBP is playing "now you don't" at this point, having disappeared as the euro retraced its decline back up to near it's opening levels.

No guarantees, of course, on whether the ghost signals will reappear before day's end. But at present, both pairs remain in an unconfirmed pps bull phase.

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