Intraday Market Thoughts
Adding Charts to Earlier Premium Trades & Euro Failure
by
Sep 30, 2011 8:06
The failure of both daily & weekly trendlines in EURUSD has been very vocal. We warned about this on Wednesday before the market moved against us to reach a.13660s. Yet the rebound was a prominent failure as it was unable to break above those key trendines. We also viewed it through a temporary decline in 1 month volatility, which we anticipated to hold at the trendline, suggesting a peak in EURUSD.
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Ashraf
Ashraf
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