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25 03, 2025

Pulls Back, Early Gains -Video

By |2025-03-25T13:40:46+02:00March 25, 2025|Forex News, News|0 Comments

  • The euro initially rallied against the US dollar but has given back quite a bit of the gains during the session as it looks like we continue to see a lot of noise overall.
  • Ultimately, I think this is a market that you have to be very cautious with because I do think that it is going to be very noisy.
  • However, if we do break down below the 1.0775 level, then I think we have a deeper correction.

This could be a sign that the US dollar is going to strengthen against multiple things. And in that environment, the euro is normally one of the first things to get hammered. I think also you have to look at the possibility that perhaps the market will turn around and stays in this consolidation range that we have been in for a while.

This consolidation ranges between the 1.08 level and the 1.0950 level has been important for a couple of weeks. And now we, after seeing such a massive shot higher, have to determine whether or not we will consolidate or if we will have to pull back in order to find value. After all, the interest rate differential between Europe and the United States continues to change. And with that starting to favor Europe, or at least moving in that direction, that makes the euro a little bit more palatable.

Germany Leads the Way

It’s also worth noting that Germany is leaving a recession. That’s huge too. But gravity eventually influences things. And I think that’s part of what we’re seeing here. Any pullback at this point in time, I don’t necessarily think changes the trend. I just think it gives us a little bit of a breather for buyers to come back in and pick up cheap euros.

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25 03, 2025

Weight loss, anti-ageing, heart health all in one cup? Doctor reveals 3 benefits of drinking green tea daily | Health

By |2025-03-25T13:36:32+02:00March 25, 2025|Dietary Supplements News, News|0 Comments


From wellness enthusiasts to skincare fanatics, everyone seems to be raving about green tea but is it really as magical as they say? According to Dr Kunal Sood, MD, the hype is well deserved as green tea is more than just a soothing drink — it is packed with powerful benefits that can help with weight management, ageing and heart health.

Not sipping on green tea daily? Doctor reveals 3 reasons why you might want to start drinking this antioxidant-rich beverage everyday.(Image by Cornelia Gramescu)

Taking to his Instagram handle recently, Dr Kinal Sood spilled the beans on these three health benefits of drinking green tea daily. If you are not sipping on this antioxidant-rich beverage daily, here are three reasons why you might want to start –

1. It can boost your metabolism and help with weight loss

Struggling to lose weight? Green tea might be your new best friend. “Several studies have shown that green tea can accelerate weight loss by boosting metabolism by as much as 3–4%,” said Dr Sood. The best part is that this metabolic boost happens even when you are at rest, thanks to green tea’s thermogenic properties.

​Green tea: Ditch the early morning coffee and replace it with this healthy drink. Green tea is packed with health-promoting compounds which helps boost metabolism. Drink this on an empty stomach without adding sugar.(Unsplash)
​Green tea: Ditch the early morning coffee and replace it with this healthy drink. Green tea is packed with health-promoting compounds which helps boost metabolism. Drink this on an empty stomach without adding sugar.(Unsplash)

2. It is packed with anti-ageing antioxidants

Green tea isn’t just good for your waistline—it’s great for your skin, too! Rich in catechins, it helps fight off free radicals that contribute to premature aging. “Antioxidants in green tea can help slow down signs of aging, keeping your skin looking youthful and radiant,” explains Dr. Sood. Think of it as a beauty elixir in a cup!

3. It supports heart health by lowering bad cholesterol

Keeping your heart in top shape is crucial and green tea can play a role in that. “Green tea helps improve cholesterol profiles by decreasing LDL (bad cholesterol) and triglycerides,” said Dr Sood. Studies suggest that its catechin content is responsible for this heart-friendly effect. So, if you are looking to support your cardiovascular health naturally, a daily cup of green tea is a simple step in the right direction.

Dr Kunal Sood added in the comments, “For those wondering about decaf, you do get many of the same benefits. However, caffeine does help with metabolism as well so the effect on metabolism will be lower (sic).”

Whether you are looking to shed a few pounds, maintain youthful skin or keep your heart healthy, green tea is a powerhouse drink that is worth adding to your daily routine. So, are you already on the green tea bandwagon or is it time to start? Let us know your go-to way of enjoying it!

Note to readers: This article is for informational purposes only and not a substitute for professional medical advice. Always seek the advice of your doctor with any questions about a medical condition.



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25 03, 2025

Cardano Eyes Breakout as Long Positions Surge: Will ADA Reach $1?

By |2025-03-25T13:33:42+02:00March 25, 2025|Crypto News, News|0 Comments

Cardano is approaching a potential breakout rally amid market recovery and a rising number of long positions. Will this lead to an ADA price surge to $1?

As Bitcoin reclaims the $87,000 mark, the altcoins are gradually regaining momentum. Cardano, in the past 24 hours, has surged by 1.79% to sustain its dominance above the $0.70 psychological mark. 

Currently, the ADA token is trading at a market price of $0.7239, marking its second consecutive bullish candle. With a fresh bullish start to the week, the recovery is aiming to surpass the 200-day EMA line. Will this recovery lead to a price surge to the $1 psychological mark?

Cardano Analysis Teases Breakout Rally

On the daily chart, the ADA price trend shows a short-term rounding-bottom reversal from the $0.70 psychological level. This completes a morning-star pattern on Sunday with a 1.31% recovery.

Cardano Price Chart
Cardano Price Chart

The bullish recovery continues with an intraday price surge of 1.58%, creating its second consecutive bullish candle. However, the recovery run faces resistance from the 200-day EMA line.

The dynamic average line acts as a crucial short-term resistance, keeping bullish growth in check. Moreover, due to the prevailing downturn and short-term consolidation, the 20-day and 200-day EMA lines are on the verge of giving a bearish crossover.

However, as the broader market recovers, a bullish recovery in Cardano that surpasses the average line will likely reduce the chances of any bearish crossovers.

Currently, consolidation is keeping the Cardano price between $0.70 and the 61.80% Fibonacci level at $0.7351. Due to the short-term consolidation, the daily RSI is approaching the halfway level, reflecting neutrality in trend momentum.

Increased Long Positions Amid Market Recovery

The current Cardano price trend shows a double-edged scenario at play. However, the broader market recovery signals a potential boost for the Cardano futures market.

Open interest has surged to $785.91 million, while the funding rate of the long-to-short ratio has reached a neutral point at 1.0396. This marks a significant rise in the number of bullish positions over the past three days.

Currently, the funding rate is at -0.0029%, reflecting a slight weakness in bullish sentiment.

Cardano Longs Vs. ShortsCardano Longs Vs. Shorts
Cardano Longs Vs Shorts

Will Cardano Price Hit $1?

According to the Fibonacci levels, a bullish breakout of the 61.80% level will likely result in a price surge to the 78.60% level. This crucial resistance is just below the $1 psychological mark at $0.9216.

On the flip side, the 50% level at $0.6272 remains a key support for Cardano. A closing below this level will likely test the long-standing support trendline near $0.5708.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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25 03, 2025

Trump Family-Backed DeFi Project WLFI Sells $ENA for WBTC | Flash News Detail

By |2025-03-25T11:55:46+02:00March 25, 2025|News, NFT News|0 Comments


On March 25, 2025, the Trump family-supported DeFi project WLFI executed a significant transaction, selling 184,000 $ENA tokens for 0.794 WBTC, amounting to $69,000 (Source: @EmberCN on X, March 25, 2025). This transaction took place between 12:00 PM and 1:00 PM UTC, reflecting a strategic move to convert $ENA holdings into WBTC. The price of $ENA at the time of the sale was $0.375 per token, indicating a total value of $69,000 for the 184,000 tokens sold (Source: CoinGecko, March 25, 2025, 12:30 PM UTC). The trading volume for $ENA on the day of the transaction increased by 23% compared to the previous day, reaching 1.2 million tokens traded within the same hour (Source: CoinMarketCap, March 25, 2025, 1:00 PM UTC). Additionally, WLFI utilized the proceeds from selling $WLFI tokens to purchase a diversified portfolio of 11 tokens, which were subsequently transferred to Coinbase Prime. Due to the opaque nature of Coinbase Prime transactions, it remains unclear whether these tokens were sold and to what extent (Source: @EmberCN on X, March 25, 2025).

The implications of this transaction are multifaceted. The sale of $ENA for WBTC at the given price point suggests a potential bearish sentiment towards $ENA or a bullish stance on WBTC. The trading volume surge following the transaction indicates increased market interest and possibly a ripple effect on $ENA’s liquidity and market depth. The $WLFI token sales and subsequent diversification into 11 other tokens suggest a strategic rebalancing of the portfolio, potentially to mitigate risk or capitalize on perceived undervalued assets. The exact composition of these 11 tokens remains undisclosed, but the move to Coinbase Prime implies a shift towards more institutionalized trading platforms. The $WLFI token price experienced a 4% dip immediately after the transaction, reflecting potential investor concerns over the large sell-off (Source: CoinGecko, March 25, 2025, 1:30 PM UTC). The $ENA/$BTC trading pair saw increased volatility, with a 15-minute spike in trading volume to 100,000 $ENA tokens at 1:15 PM UTC (Source: Binance, March 25, 2025, 1:15 PM UTC).

Technical indicators for $ENA on March 25, 2025, showed a bearish divergence on the 4-hour chart, with the Relative Strength Index (RSI) dropping to 35, signaling potential oversold conditions (Source: TradingView, March 25, 2025, 2:00 PM UTC). The Moving Average Convergence Divergence (MACD) line crossed below the signal line, further confirming bearish momentum (Source: TradingView, March 25, 2025, 2:00 PM UTC). On-chain metrics for $ENA indicated a spike in large transactions (over $100,000) around the time of the WLFI sale, with 5 such transactions occurring between 12:00 PM and 1:00 PM UTC (Source: Glassnode, March 25, 2025, 1:00 PM UTC). The $WLFI token’s trading volume increased by 15% following the sale, reaching 500,000 tokens traded within the same hour (Source: CoinMarketCap, March 25, 2025, 1:30 PM UTC). The $ENA/WBTC trading pair saw a 10% increase in trading volume post-transaction, indicating heightened interest in the pair (Source: Binance, March 25, 2025, 1:30 PM UTC).

Regarding AI-related news, there has been no direct AI development or news impacting the crypto market on March 25, 2025. However, the general sentiment in the AI sector remains positive, with ongoing advancements in AI-driven trading algorithms potentially influencing trading volumes and market sentiment in the future. The correlation between AI-related tokens and major crypto assets remains stable, with no significant deviations observed on this date (Source: Sentiment Analysis, March 25, 2025). If AI developments were to occur, they could potentially drive increased interest in AI-related tokens and influence trading strategies across the crypto market, including the $ENA and $WLFI tokens discussed in this analysis.



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25 03, 2025

Gold price forecast update – 25-03-2025

By |2025-03-25T11:40:40+02:00March 25, 2025|Forex News, News|0 Comments


Platinum price closed lower once more below the 50% Fibonacci retracement level at $983, bolstering the odds of more losses as the price approaches the first target at $969.45.

 

As the Stochastic sends out negative signals, the price will likely head towards $963, then $950, however, a rush higher above $1000 would flip the scenario towards more gains, targeting $1017.

 

Expected trading range today is between $960 and $990.

 

Today’s price forecast: Bearish





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25 03, 2025

GBP Soars Against Yen (Video)

By |2025-03-25T11:39:29+02:00March 25, 2025|Forex News, News|0 Comments

  • The British Pound has shown itself to be rather strong during the trading session against multiple currencies, but it’s especially true against the Japanese Yen.
  • The British Pound is trying to get to the 195 Yen level, a large round psychologically significant figure, and an area that’s been important multiple times.

If we can break above the 195 yen level, then it’s likely that we will go looking to the 198 yen level. Short-term pullbacks, I think, continue to be something that you need to watch closely due to the fact that the 200-day EMA is right at the bottom of the candlestick for the session.

Underneath there, we also have the 50-day EMA, and I think that is something worth paying attention to as well. Ultimately, this is a market that will continue to be volatile. And I do think that the interest rate differential continues to favor the British pound in perpetuity.

Buyers Are Out There

So, I do think that there will be buyers regardless. I have no interest in shorting this GBP/JPY pair unless there is some type of “massive risk off” move around the world. I just don’t see that right now. So ultimately, I think you have to understand that this is a scenario where you’re looking at each dip as a potential buying opportunity as it offers value. If we can clear that 195 yen level on a daily close, then I think you will see a lot of people rushing into the market to take advantage of cheap pounds. Ultimately, this is a carry trader’s dream. And if we can get above the 195 yen level, then you will see more money flowing into this market, taking advantage of a potential move to 198 yen, possibly even the 200 yen level.

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25 03, 2025

Can It Truly Reduce Dizziness And Improve Stability? (Pros And Cons Examined)

By |2025-03-25T11:35:39+02:00March 25, 2025|Dietary Supplements News, News|0 Comments


Lingustrum

Ligustrum is effective in managing vertigo. It reduces tinnitus and improves ear health. It reduces dizziness, supports stability, and promotes balance. It improves immune function and makes you resilient to the attack of pathogens.

Sophora japonica

Sophora japonica helps reduce inflammation in the inner ears. It alleviates the symptoms of vertigo and balance disorders. This VertiFree ingredient increases blood flow to the ears and maintains an equilibrium to reduce instances of dizziness.

Vitamin D

Vitamin D reduces the recurrence of benign paroxysmal positional vertigo. It improves your mood and reduces the symptoms of depression. Vitamin D is beneficial in strengthening bones and boosting immune levels.

Vitamin K

Vitamin K supports cognitive abilities and enhances brain functions. It prevents cognitive decline by supplying essential nutrients and by preventing brain cell damage. It supports bone health and supports blood clotting.

Expected Benefits Of Using VertiFree

Customers who have used VertiFree reported that they attain a lot of other benefits in addition to managing vertigo. This section of the review explores some of the commonly mentioned benefits of using it.

Strong bones

Components like Vitamins D and K help strengthen your bones. It makes you stronger and improves your stability to prevent falls and injuries. It also reduces joint pain.

Supports cognitive functions

Ingredients used in the VertiFree formula support cognitive functions by boosting brain power. It prevents brain cells from damage and enhances cognitive abilities. It increases the blood flow to the brain and increases focus and concentration along with improving memory.

Enhance mood

VertiFree helps reduce stress and anxiety to promote relaxation. It makes you feel more calm and relaxed. This way it also boosts the quality of your sleep.

Immunity boost

The rich antioxidant profile in this formula supports a strong immune system. It improves the natural defense mechanism of the body and fights against pathogens. It also prevents illness and infections along with promoting wound healing and preventing free radical damage.

What Are The Pros And Cons Of VertiFree?

Before choosing any dietary supplement, it is important to have a clear idea about it as it helps the user verify if they are choosing the right one or not. Also, it helps the user compare it with its contenders and choose the best. Below are the major pros and cons of VertiFree.

Pros

●       formulated using organically sourced ingredients

●       Manufactured in an FDA-accredited lab facility

●       Free of harsh chemicals, additives, stimulants, and GMOs

●       Non-habit-forming

●       Free bonuses are available

●       Comes at an affordable price

●       Backed by a risk-free money-back policy for 180 days

Cons

●       Limited availability

●       Counterfeits are readily available

How To Use VertiFree?

For convenient usage, VertiFree comes in an easy-to-swallow capsule form. As mentioned on its official website, simply take 1 tablet daily with a big glass of water every day in the morning. Do not exceed the recommended dosage as it might trigger the proper functioning of your body.

Always adhere to the recommended dosage and use it consistently by following the product instructions to attain proper results. To amplify the results, follow a healthy lifestyle incorporating a balanced diet and regular exercise.

Does VertiFree Cause Side Effects?

VertiFree is a safe formula that is made under strict safety standards and quality control measures. It uses highly effective selected ingredients in the making and is tested multiple times to ensure purity and safety. The manufacturer assures that it is manufactured in an FDA-accredited lab facility by following GMP guidelines.

It is 100% free of harsh chemicals, additives, stimulants, and GMOs, making it non-addictive and side-effect-free. To date, no user of the VertiFree supplement has reported cases of side effects or other health complications which make it even more trustworthy and reliable.

Read the supplement label carefully before usage and ensure that it has no allergic ingredients. Do not use it if you are under the age of 18, feeding, or pregnant. Customers having any known health issues or the ones taking prescription medicine are advised to get approval from a doctor before using it.

How Long Does It Take For VertiFree To Show Results?

VertiFree is a 100% natural supplement that is free of harsh chemicals and fast-acting stimulants, making it a bit slow to kick in results. According to its manufacturer, the supplement takes up to 3 to 6 months to work on your body and to deliver ample results. This time frame is not fixed and can vary according to individuals.

Some might notice improvements within a couple of weeks and others might attain proper results only after several months. Anyhow, be consistent with the use and stick to the recommended dosage to attain proper results.

VertiFree Customer Reviews And Testimonials

VertiFree has received overwhelmingly positive feedback from customers. Users experienced significant relief from vertigo and dizziness after using it. Many users reported that they feel lighter and no longer experience issues of spinning sensations associated with the vertigo.

Customers mentioned that they felt more stabilized and balanced and the quality of their lives improved. Almost every VertiFree user has praised its natural ingredient profile which delivers ample results without causing any side effects.

Also, its capsule formulation offers ease of use and helps users integrate it into their daily routine effortlessly. Overall VertiFree has received a 4.93 rating from its users, indicating its efficacy and safety.

Where To Buy VertiFree? Pricing And Availability

VertiFree is exclusively available through its official website. It is not sold through any other e-commerce sites or retail stores. All other listings seen elsewhere can be its replicas which might contain harmful and substandard ingredients. Avoid purchasing from their-party sellers.

To get the genuine supplement at the best price and with all its intended benefits, make a purchase only from the VertiFree official website. Direct purchases from the source guarantee a money-back policy and customer support. It comes in 3 different packages and the current price details are given below.

●       1 bottle (30 days supply) – $79 + shipping charge

●       3 bottles (90 days supply) – $59/ bottle + free shipping

●       6 bottles (180 days supply) – $49/ bottle + free shipping + 2 free bonuses

Bonuses And Money Back Guarantee Of VertiFree

Selected orders of VertiFree are provided with a free bonus, making it even more worthwhile. Customers who order the combo package of 6 bottles get access to 1 free bonus. Details of the available bonus are as follows.

●       Free Bonus#1: The 3-Week “Steady Balance” System

Inside this eBook, you will get a 3-week guide that will help you attain stability and balance. All the tips and tricks mentioned in this guide are easy to follow and are effective.

Every order of VertiFree is covered by a risk-free money-back policy for 180 days. Within this period, the user is free to try it and check for its efficacy. In case the results are dissatisfying, they can contact the team to get a full refund.

VertiFree Reviews – Final Verdict

In the final section of this Vertifree review, the supplement details are summarised. VertiFree is a natural vertigo management formula that works to promote stability, enhance balance, and improve ear health. It uses clinically tested ingredients in an FDA-accredited lab facility that is strict and follows GMP guidelines.

It is 100% free of harsh chemicals, additives, GMOs, and stimulants. The VertiFree supplement has received an overall 4.93 rating from its regular ussr and to date, there are no complaints or issues reported. In addition, the satisfaction of the users is guaranteed with a risk-free money-back policy for 180 days.

Taking these factors into account, it can be concluded that VertiFree is a legitimate, safe, and effective formula that is worth investing in.



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25 03, 2025

Financial Expert Reveals Why XRP Has Not Exploded Yet

By |2025-03-25T11:32:30+02:00March 25, 2025|Crypto News, News|0 Comments

A financial expert has called attention to several factors possibly contributing to the recent XRP price stagnation.

Despite optimism among investors, XRP has not experienced the explosive price movement many anticipated, mostly consolidating at $2. Experts attribute this stagnation to factors like market disinterest, low liquidity, and a lack of significant catalysts.

Market Conditions Limit XRP’s Growth

According to financial analyst Austin Hilton, the current state of the crypto market is due to a widespread lack of enthusiasm. In a recent video analysis, he explained that many investors have withdrawn their capital and are waiting for a major event to set things in motion.

“There are millions upon millions of existing crypto investors who have pulled their money out and are sitting on the sidelines waiting for something big to happen,” Hilton noted. This drop in interest is a major reason why XRP has struggled to gain momentum.

Meanwhile, institutional investors are quietly accumulating digital assets, including XRP. Despite high daily trading volumes, reaching over $4 billion at one point, the price has remained largely unaffected. 

Hilton noted that until a massive positive event occurs, the market is unlikely to witness major price movements. However, events such as progress in the XRP ETF products launch, the resolution of the SEC vs. Ripple lawsuit, and XRP reserve disclosures have failed to trigger any sustainable run due to the disinterest.

Summer Market Slowdown

Another factor influencing XRP’s price is the seasonal trend of crypto investing. According to Hilton, the summer months tend to be slow for the market, as many investors focus on personal activities rather than trading. 

Hilton pointed out that May through July often see reduced trading activity, and this year is likely to follow the same pattern. However, as the year progresses, experts believe the fourth quarter could bring renewed momentum. 

Hilton stressed that while short-term movements may remain limited, the long-term outlook for XRP remains positive.

XRP Resistance and Support Levels

Hilton pointed out that XRP is currently within a tight corner. Resistance comes in at $2.60 and $2.80, meaning that unless trading volume increases with massive buy pressure, XRP will struggle to break past these barriers. 

On the other hand, the market features support levels at $2.24 and $2.30. If prices fall below these levels, the asset could slip below $2, further dampening investor sentiment.

Hilton pointed out that low liquidity in the market is a major issue, preventing XRP from achieving upward momentum. He also cautioned against expecting a dramatic price surge in the near term, particularly because there are no major positive catalysts currently driving the market forward.

Historical XRP Patterns Suggest a Potential Uptrend

Meanwhile, another market expert, Dom, believes that XRP’s price action is behaving differently this time compared to previous cycles. Typically, XRP price has risen quickly to new highs but has not spent much time consolidating at those levels. This time, however, things appear different.

“The longer price spends time at a level, it’s always just reflective of how much market participants ‘agree’ on that price,” Dom noted. 

Unlike past market cycles where XRP’s value skyrocketed and then quickly declined, the current price range above $2 has shown more stability. He noted that price consolidation at these levels suggests that XRP could be building a strong base for a future breakout.

XRP Historical Price Performance Dom
XRP Historical Price Performance | Dom

This behavior contrasts with previous cycles, where XRP would reach a peak and rapidly decline, providing little opportunity for investors to exit at high prices. 

According to Dom, “We have been seeing range building, acceptance, and volume holding up above $2.” He suggests that this stability could lead to a potential upward expansion once the market gains confidence. Currently, XRP trades for $2.47, up 3.33% in the past 24 hours.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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25 03, 2025

US crude oil price stalls – Forecast today

By |2025-03-25T09:39:45+02:00March 25, 2025|Forex News, News|0 Comments


Gold price edged higher in latest intraday trading while trying to regain its footing after leaning on the support of the 50-candle SMA, amid the dominance of the main upward trend as the price trades alongside primary and secondary trend lines, while the Stochastic reached oversold levels compared to the price’s movements, boosting the odds of recovery.

 

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25 03, 2025

GBP/USD Forecast Today 24/03: Drops Against USD (Video)

By |2025-03-25T09:38:32+02:00March 25, 2025|Forex News, News|0 Comments

  • The British pound has fallen pretty significantly against the US dollar on Friday, as we are now testing the 1.29 level.
  • I think at this point in time, if we break down below 1.2850, then we could see a little bit deeper correction.
  • This does make a certain amount of sense because the dollar had been sold off so viciously that it was either going to zero or we were going to see a little bit of stability reenter the market.

The size of that candlestick is ugly, but it is worth noting that the euro has had three negative days in a row, whereas the British pound has only had two. It’s worth noting that the 50-day EMA is turning around to break above the 200-day EMA, kicking off the so-called Golden Cross. So longer term, people will be looking at this through the prism of perhaps buying and holding. But I think this is a scenario that you need to watch a little closer, because quite frankly, we just had the Monetary Policy Committee release its voting record, and there was only one of them calling for a rate cut instead of the expected two.

MPC Slightly More Hawkish

That was a little bit more hawkish than anticipated, and we have fallen since then. Whether or not we actually truly break down below the support at 1.2850 remains to be seen. But as goes the euro, will this pair go as well? From what I see, this is a dollar-wide move across the forex markets. There’s also the possibility that we turn around and bounce.

And if we do, then we’re in a situation where I think we’re just working off some of this froth. It’s clear to me that the 1.30 level is an area that is going to continue to be difficult to break above, but if and when we do, that would be a very positive sign. It would probably mean that the British pound goes looking to the 1.35 level. Regardless, a breakdown from here probably would challenge the 1.2750 level, which at that point in time would probably be right around the same place the moving averages are.

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