Friday, November 2, 2012

More on #Euro #Currency by @JimIuorio

Attached is a daily chart of December Euro Currency Futures (ECZ2).
          
As per yesterdays post, we have a short bias in Euro that began below 128.70.  Stop-loss level will be a settle above 128.95.  The initial downside objective will be 128.10. 


At this level, if it appears that the market will hold, we would cover some of position.  If the level breaks quickly we would add to shorts below 128.00. 



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