Technical - EUR/USD

This is an opportunity I came across this AM (8:30 est). I've sold the Euro and bought the US dollar expecting a short term correction from recent advances.

Technical Analysis Example

Here is an example of the British Pound versus the US Dollar. This is showing a triple bottom with a shorter-term double top. There is also a nice round bottom settling in. I traded this for short term profits on an overnight trade (02/27 - 02/28 - see Trade Journal posting). It's expected to bounce off the resistance of the double top and come back down a bit before making a more serious run through the double top and into the 2.01 - 2.02 range.