Attached is a 30 day chart of December
Euro Currency.
Although we still have a bearish sentiment,
the relative stagnation over the last 2 days is
disconcerting. At this point, if we get a settlement above 127.44 would
cover
HALF of short position. With current equity market
weakness, we believe that old highs of 124.70 are a reachable
objective on the downside.
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