Intraday Market Thoughts

Archived IMT (2008.11.26)

by Ashraf Laidi
Nov 26, 2008 15:07

EURUSD's reassuring consolidation around the $1.2950s following yesterday's $1.3080 peak suggests a likely attempt to retest $1.3050 and regain the $1.3290 target. EURUSD foundation is increasingly supported by a 5-day TL support at $1.2920, backed by $1.2830. Another way to highlight relative stability in EURUSD is to compare it to EURJPY's trading pattern... REST IS AVAILABLE TO SUBSCRIBERS


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