Fresh session lows for the euro as the S&P 500 tumbles toward the close. If you weren’t fading the Spanish bailout rally, you weren’t paying attention. The good news is that it has only just begun.
|
Membership Revoked
|
Joined Sep 2010
|3678 Comments
Both the Euro and AUD hit the outside of the diagonals they broke last month - and I am talking of the entire unit here not time frames - from where I sit - the correction in risk is over and we are back in one heck of a bear run. Cover while you can it looks pretty nasty to me to be on the wrong side of the move down - and it is still early by my reckoning if you believe me.
PS: Never cared much for forexlive - but this time I would say spot on - I just checked my unitary chart. Looks too bad for bulls.