Intraday Market Thoughts

Archived IMT (2009.04.06)

by Ashraf Laidi
Apr 6, 2009 11:19

Despite latest suggestions from the IMF calling for an accelerated Eurozone membership for Eastern/Central European nations, EURUSD still shows resilience, especcially after last week's hold above the 100-day MA. Latest CME speculators' committment report shows euro long interest versus the dollar has turned net positive at 2,265 contracts. The 200-day MA of $1.3770 remains the key target for the bulls


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