Intraday Market Thoughts
Revisting that EURJPY Call
by
Nov 22, 2012 18:24
EUR/USD required a convincing catalyst to lift it back above its important 200-DMA of 1.2820. And it did . Chinas HSBC flash PMI hit a 13-month high and Eurozone flash November services/manufacturing PMIs showed some signs of stability, thus enabling EUR pairs to move in tandem with rising equities. See the EURJPY charts here: http://www.cityindex.co.uk/market-analysis/market-news/2611202012/revisiting-eurjpy-technicals-fundamentals/
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