Intraday Market Thoughts
Archived IMT (2010.06.15)
by
Jun 15, 2010 13:38
EUROs TIME and SPACE: Weve discussed the TIME element of EURUSD, whereby the pair had consistently failed to post more than 3 straight days until Monday when all has changed. What about SPACE (or price)? Only once did EURUSD rallied +500 pips from its low before resuming its selloff. This occurred on May 18-20. On Monday, EURUSD hit a session high of $1.2672, which is +330 pips from the June 6th low of 1.1874. Setting the +300 pip limit from the June 6 low, will give us $1.2375-80. This level should act as prelim ceiling, a break of which would give way to $1.2450. Ashraf in South Africa attending the WorldCup for 2 weeks, therefore frequency of updates on this site and Twitter will be less than usual. http://twitter.com/alaidi
Latest IMTs
-
Of Gold Extensions مقياس إمتدادات الذهب
by Ashraf Laidi | Apr 15, 2024 16:38
-
Bitcoin performance & Miners Prehalving
by Ashraf Laidi | Apr 9, 2024 17:07
-
English Translation to Arabic Interview
by Ashraf Laidi | Apr 7, 2024 21:01
-
فشل الفدرالي في إقناع الأسواق
by Ashraf Laidi | Apr 6, 2024 14:17
-
Typical Errors on Gold, Silver, USD
by Ashraf Laidi | Apr 1, 2024 16:14