IIFT Daily Note with Peter Brown

Mid Way

Posted by:  |  Time: 8:23 am  |  Topic:  |  Comments: 1
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Market has stalled at 1.3440 level. Battle between long and shorts finely balanced.

Certainly looking less likely we will make significant upside as Euro news keeps leaking in.

Nothing on the charts we are in mid pivot so no direction.

Am short Euro from last night, going to run with that for  a while see if we can break below 1.3400

One Comment

Peter Brown

January 20, 2011

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Euro Usd pivot at 1.3455, seeing first attempt at that level,
A break might see 1.3500
If we hold below should see a test of 1.4300