Mp -- 06.01.2011
0428 ZULU -- DAILY chart showing 4507 with 4473 support below and strong at the moment.
US DOLLAR index appears ready for a retrace, which would point the EU DOWN to a possible 4092 but with a lot of support before that number. (actually, if it does what it should do, 4308 is not impossible
FOR TONITE/TOMORROW --- 4443 on the 30 minute, 4449 with 54 and 62 showing on the H4 and downside moves appear to be very narrow, showing 4421--20 at best --- normally this would suggest they are moving the price up quickly in a narrow range to keep it moving fast, and that "usually" spells retrace on the horizon, especially as later today we get a bunch of news which we are pushing the price UP for and which, once the dust settles on the news, looks to go down !
WATCH 4431 for reversal, although if they really are keeping the upside momentum going, it shouldnt be a very big one.