Thursday, July 14, 2011

Where is the Euro Likely to Go Next??

I am bearish the Euro, Cable, Kiwi & Aussie and bullish the Swissy, Loonie & possibly the Yen above 7925. Attached is a sample chart of the Euro - the 50 pips spike within 5 minutes of S & P's threat of potential downgrade of US sovereign ratings did not change the chart structure.
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