Intraday Market Thoughts

Euro Sticks to the Script

by Ashraf Laidi
Dec 18, 2012 19:56

Four positive developments shown in EURUSD technicals in our latest Premium Insights as the pair breaks to 1.3220s. And as gold extends damage and oil pushes higher, what would be the outcome for commodity FX vs USD and JPY? Our Premium subscribers have continuously been updated with the technical and fundamental arguments arguing for 1.35 EURUSD since September (albeit target was erroneously aiming for early November). The decline to 1.2660s did not sway us to reconsider our stance, as it not only held above the 100-WMA, but also continued to respect our proprietary multi-speed oscillators. The challenge remains to time the short-term course, while capturing any relevant inflection points in the medium term. Direct Access to today’s Premium Trades on EURUSD, USDJPY, GBPUSD, AUDUSD, EURJPY, CADJPY, GBPUSD, Gold, Silver and US crude are laid out here:


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