EUR

Forex: EUR/USD Rebound To Be Short-Lived
The Euro extended the advance from earlier this week to reach a high of 1.3824, but the short-term correction may taper off in the days ahead as the fundamental outlook for Europe deteriorates. Indeed, the European Union saw a risk that the economy may come close to stand-still towards the end of the year, and lowered its forecast for inflation as the balance of risk remains tilted to the downside. The statement reinforced the cautious tone held by the European Central Bank and there seems to be an increased reliance on the ECB to address the risks for the region as the ongoing turmoil within the financial system bears down on the real economy. In response, ECB board member Ewald Nowotny encouraged the EU to quickly strengthen the European Financial Stability Facility, and went onto say that the central bank may have to reconsider its bond purchases should policy makers fail to broaden the scope of the bailout fun

he just made a killing out of swissie.. probably from being counter party to that UBS rouge long swissie position:-)

thx chloe.. it's just those swing stops i struggle with.. but who isnt in such a yo-yo market..

anyway.. hope some of this scalping antics of mine will help u:-)

3880 is a greedy stop for half.. 3860 is a safe stop for half for 20 pips..