IIFT Daily Note with Peter Brown

Rallies not lasting especially on Euro

Posted by:
Trading Is At Your Own Risk - Read Our Terms & Conditions

Trading day today at IIFT so we are hoping for an active one.

S&P market put in some good bounces yesterday but failed to reach new highs. 1325 is a good top. 1310 and 1294 are support.

On the Euro I expect a move to 1.1900. Should happen pretty quickly. Bounces on the Euro are very small and short lived.

Resistance is at 1.2620  Support is at 1.2520

Not much in the way of news today Michigan Sentiment Index later but that’s about it.

Again wait for the mood to establish before trading

Comments are closed.