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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Our preference: LONG positions above 6655 with 6728 & 6745 as next targets.
Alternative scenario: The downside penetration of 6655 will call for 6634 & 6605.
Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
CMC seems a bit optimism. they also long on DAX DJ SPX EG BRENT, short on silver.
yesterday i want to see a asian pull back, but nothing happen, so i close this morning for another entry around US open.
imho, next 2 yrs china will be fine at 7% GDP. aussie may float at 0.86-0.92, but dont know how much RBA can do.