Intraday Market Thoughts

Archived IMT (2010.11.26)

by Ashraf Laidi
Nov 26, 2010 1:25

EURUSD IS SET ON A PATH towards the important $1.3250s trendline support (from June low), a break of which will likely call up $1.2700. Ive clearly warned on Wednesdays video for Reuters Thomson about the importance of the 55-WMA and its relevance for USDX. . Using the German-US yield spreads, you will recall the Nov 16 video pointing the DOUBLE TOP in the GE-US spread, whose negative implications added to negative sentiment in EURUSD. USDCHF FINALLY HITS PARITY. Here is the Video Presentation from Nov 3rd calling for USDCHF parity and beyond when USDCHF stood at 0.9770s using the weekly and monthly charts (after 0:40 mins and 2:05 mins) . The weekly chart now remains set on producing 1.0080 and 1.0120. I am producing these Reuters Thomson on a WEEKLY basis for your education and trading benefit and will continue to refer back to them as long as they remain valid. Im at the Borsadiner Expo in Barcelona til end of week.


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