IIFT Daily Note with Peter Brown

Range Trading

Posted by:  |  Time: 8:12 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

We could’nt break out on the downside of Euro/Dollar yesterday and so we bounced again.

The market is fixated with risk on risk off trading. Crazy really but thats how it goes. Look for levels to sell again, this rally might reach 1.4225

area before correcting. Lot of people speaking this morning so be carefull. Greece will default and probably leave the Euro eventually, so expect the volitily to continue.

Comments are closed.