Fx BBQ: Path of the Euro at 10/16

Monday, October 16, 2006

Path of the Euro at 10/16

21 Week ma Penetrated & Falling..
Increased Weekly volatilities with -'ve bias after another Rejection at 1.28 suggests some S/T 1.30+ bulls may had throw in the towel..
Weeklies below 1.2600---> 1.2388-> 1.2300~~> 1.2150 near term..

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