Archived IMT (2010.11.09)

RISK AVERSION broadening in early European trade, with irish concerns at the forefront. EURUSD is vulnerable to a break below $1.38, which could set off stops triggering declines towards $1.3740 and the all important $1.3690 support. EURCHF ACCELERATES losses, a pattern highly similar to that of early August when the pair collapsed more than 900 pips. Here is my updated HOTCHART on WEEKLY EURCAD, which was first initiated on Friday http://bit.ly/cEZhqv