Like I Bloged Last Friday If You Went Short on The EUR/USD you would off Locked in Some Very Nice pips Closing @1.3088 and Now trading @ 1.2716 This would have been a very Nice Profit.
The Euro still isn't done With Greece looking Like it will Have to leave the Euro- France - Spain - and Portugal all Looking in a bad Way The Euro's Days look Numbered.
Look To Short The EUR/USD On Any Gains Today-with all Data Showing It will fall Even More.
Check Out Market News On This Pair.
FXstreet.com (Barcelona) - EUR/USD is currently dealing with fresh
almost 4-month lows last at 1.2722, in a thin range trading session in
Asia-Pacific, with local share markets plummeting, Nikkei lower by -1.4%
below the 8800 points mark, Kospi -2.3%, Hang-Seng -2.66%, and gold
also printing fresh 2012 lows at $1535. US futures back to fresh 3 and a
half month lows, after a small bounce during early Asia. USD is
stronger across the board with no exception, including against the Yen.
The pair just broke to fresh session lows at 1.2698 while writing these
lines.
London session ahead will be a busy one regarding EU
sovereign debt auctions, coming from Germany selling 10 year bunds at
08:30 GMT, and France 20 minutes later. Portugal will also sell some
long term sovereign debt today during the European morning. In terms of
EUR macro data related, Italy will publish trade balance at 08:00 GMT,
followed by EU trade balance and CPI figures one hour later. Important
news will come from the UK as well, in the form of claimant count change
at 08:30 GMT and BoE inflation report one hour later, which could bring
volatility to EUR/GBP cross.
Immediate support to the downside
below recent fresh session lows at 1.2700 round for EUR/USD show at Jan
06 lows 1.2696, followed by Jan 09 lows at 1.2677, and Jan 11 lows at
1.2660. For the upside, closest resistance comes at previous session
lows 1.2722, followed by session highs/Jan 18 lows at 1.2737, and Jan
05 lows at 1.2770.
Market News By FxStreet.com
No comments:
Post a Comment