Archived IMT (2010.03.01)

by Ashraf Laidi

Mar 1, 2010 18:49

While we continue to deem the recent rebound in EUR as a temporary retracement before renewed erosion towards $1.32; 0.922 (vs. GBP) and 1.4550 (vs. CHF); the accelerating losses in GBP face no immediate floor until $1.4590 and $1.4334 (76% retracement of the rally from the $1.35 low to the $1.7006 high.

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