Intraday Market Thoughts

A Look at Thursday's EUR Warning/Charts

by Ashraf Laidi
Dec 12, 2011 18:00

Subscribers of our Intermarket Insights were warned in Thursdays premium piece (Dec 8) titled End of Euro Consolidation? that EURUSD could be finally breaking below the Nov 25 trendline support. The 3 charts seen in the link here include EURUSD ; which is marked Now Eyeing 1.3220s (The charts can only be zoomed in if youre a Premium member). Our Premium Subscribers also looked at our latest bearish takes on gold and silver, calling for 1660 gold on Thursday.

Our cyclical indicators argue for further losses in equities into early Feb with a 70% certainty level. We shall keep our subscribers updated with our latest comfort level with these forecasts as well as the trading implications. Meanwhile, todays extensive CHF analysis shows the various ways of playing the franc peg ahead of Thursdays SNB policy meeting.


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