IIFT Daily Note with Peter Brown

Stop runs on the Euro

Posted by:  |  Time: 8:21 am  |  Topic:  |  Comments: 1
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We are seeing nothing more than stop runs on then Euro. Thin markets allow this sort of price action. Fundamentally nothing has improved. It is hard to trade these markets as the upper end was broken without much news to drive it.

Euro tops are now 1.2400 and 1.2440  support at 1.2325  1.2300

S&P held the upper end range at 1406/08 area 

Today we need to find the mood and go with that.

One Comment

Niall O' Connor

August 14, 2012

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Dow trading well technically, unable to break upper level so far.