Friday, October 29, 2010

Today's technical game so far......

11:10CET

The funny tech story so far this morning is that JPY stength means EUR and GBP losses, and JPY selling means EUR and GBP recovery. Funny? Not that much, but you know, that's what the market likes to play and is playing it.....

EUR/USD hit extreme OS territory @ 1.3820 and has bounced a bit, looking for 1.3850-60 to re-start shorts, I don't feel the unit will finish the month above 1.38.

Posted via email from MT4

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