Intraday Market Thoughts

Archived IMT (2011.02.09)

by Ashraf Laidi
Feb 9, 2011 10:30

Ashraf's interview on BNN about China's rate hike, the FX reaction and the outlook for equity indices

EURUSD seen capped at $1.3670s, with the $1.37 trendline resistance imposing--also just below the right shoulder for an interim target at $1.3590 & 1.3520--100 day MA. Also check out the clear right AUSSIE shoulder failure of 1.02, now looking at 1.0055.


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