Intraday Market Thoughts

Another EURUSD Attempt at 100 DMA

by Ashraf Laidi
May 8, 2013 18:25

Mixed messages as to whether the ECB was buying asset backed securities were never confirmed, but the latest restatement by the various speakers at the central bank that it will do all that is necessary to maintain liquidity and stabilize the Eurozone economy were taken as the equivalent of Draghi's readiness to keep  the currency irreversible. The 100 DMA on EURUSD is a near confluence with its 100 WMA. We added 2 new trades and shorts in EURAUD, which can be seen in the latest Premium Insights.


Latest IMTs