Intraday Market Thoughts

Archived IMT (2010.12.16)

by Ashraf Laidi
Dec 16, 2010 19:44

WHEN ALL IS SAID & DONE, EURUSD' s November candle is the BIGGEST bearish monthly REVERSAL since the creation of the currency. There were only 3 of such major monthly reversals since Jan '99. Read carefully, I said bearish REVERSALS, i.e. an opposite move occuring at the TOP of the uptrend. And we all know what significant reversals mean (both bearish & bullish reversals).


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