Intraday Market Thoughts

Archived IMT (2010.09.08)

by Ashraf Laidi
Sep 8, 2010 18:31

Ashraf's appearance on CNBC discussing the re-emerging debt concerns of the P-I-I-G-S. GBPUSD has yet to close above the $1.5520 trendline resistance, trading around the 55 and 200-day MAs. $EURUSD proved underpinned at $1.2660s, which is the Aug 24 trendline support. Immediate resistance stands at $1.277538% retracement of the rally from the $1.1878 low to the $1.331 high. The 55-day MA follows at $1.2790.


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