Attached is a chart of December Euro Currency (ECZ2).
We maintain our short bias and will do so until we have
settlement above 128.25.
We still believe that fiscal cliff
uncertainty will force the dollar higher and the market may
recycle European headlines that could disproportionately weaken
the Euro. We are not suggesting that there are not real and
new problems in Europe. We are only pointing out the markets
tendency to justify moves with hand picked headlines.
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This free trial is open to all for the rest of 2012.
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