Euro alone breached the high
Euro has breached the recent high and formed new high , when all other pairs are not making new high.Corresponding drop is not happening in USD/CHF .still handling the crosses by making contrarian moves.slow gains may induce short covering.Then we may see during late session their intentions become visible.Use trading strategies to limit the risk.
Regards
Dr.Sivaraman
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Comment by maestro007 on June 14, 2011 at 3:02pm -
Dr Sivaraman,
Is AUS/USD not included as this has also breached the high and is holding above currently?
Looks like it could be a stop hunt, but not sure how to apply the rules to the commodity currencies?
Your view on AUS/USD is appreciated.
Thanks,
Derri
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Comment by Dr. Sivaraman on June 14, 2011 at 3:49pm -
Dear derri
AUD has also breached the high and slowly coming down now.It appears they made a stop hunt above the psychological level 1.07.Now it has to come below 1.0676 in less than 30 min for it to make further slide.
Regards
Dr.sivaraman
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Comment by Jack Collins on June 14, 2011 at 5:51pm
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It seems most traders went short after S&P decision on Greece. Players don't want to feed them :)
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