Thursday, November 10, 2011
EURUSD: Should see a retest of 1.3150. Sell now with stop at 1.3670
With Italian now in the same league as the Greeks, any reason why EURUSD is still trading above 1.35 right now. I think it should have a retest of the recent low at 1.3150. Therefore in the same breadth, i think selling EURUSD for a retest of 1.3150 could be lucrative. I will do so here with a stop loss of 1.3670.
S & 500: Selling should base at 1190-1200 near term
There could be a ST base at around 1190-1200 in the current selling. This is based on my weekly Ichimoku cloud support level. will post the chart when I have the chance again.
Sell AUD here to target 0.9920-1.0000
With no clear relief, any rally should be sold into which is happening now. I am taking a Short term short in AUD with a tight stop loss of near 1.0210 to target 0.9920-1.0000 over Friday.
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