Euro Breaks Below 55 DMA

by Ashraf Laidi

May 11, 2011 18:11

Deepening risk aversion sends EURUSD below its 55 dma for the 1st time since Jan 18, while USDX tests its own 55 dma also for the 1st time since Jan 18. Gold and silver joining risk assets lower, with silver leading the metals downside after failing to close above its 55 dma of 38.86. See our latest Intermarket Insights for our trades on EURUSD, GBPUSD, NZDCAD and SIlver on here: http://www.ashraflaidi.com/products/sub01/

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