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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
are you short?
expected support at 4240/50 didn't materialize.... just a dead cat bounce at 4250 level b4 heading lower... 4 hour still very much negative... would likely see continuation south and break thru 4190 level.... need to break back above 4300 level to see further recovery to 4370/80 level...
below 4190... see initial support around 4160/70.... where we could see bounce back up to 4250/60 level.. b4 continuing south to 4110/20 level... not expecting break at first attempt.... could see recovery back up to 43xx level b4 we see the real move south....
gl/gt
nest data due 9 am
two orders eurusd short 4310 short 4240