Intraday Market Thoughts

Archived IMT (2010.11.09)

by Ashraf Laidi
Nov 9, 2010 8:02

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


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