DislikedEUR/USD hit 1.4700, to erase any residual optionality at the figure, but option dealers now note decent sized expiries at the figure for the NY cut at 14:00 GMT. With more interest also seen into Monday. These strikes could represent a hedging of the original barriers amid the move lower.
Wednesday"s bounce proved false and the pairing made new lows around 1.4780 overnight and we finished with a small profit on the way down. We sold the break in Asia for a test of trend line support at 1.4410. Daily studies are stalled at extreme oversold readings, but the trend is your friend. Hourlies are marginally oversold. (ams) 06:00 GMTIgnored
- Post #20,702
- Quote
- Aug 15, 2008 7:29am Aug 15, 2008 7:29am
- | Joined Jul 2008 | Status: Member | 148 Posts
- Post #20,709
- Quote
- Aug 15, 2008 7:43am Aug 15, 2008 7:43am
- | Joined Jul 2008 | Status: Member | 148 Posts
- Post #20,711
- Quote
- Edited 7:53am Aug 15, 2008 7:45am | Edited 7:53am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
{Promotion Removed}
- Post #20,712
- Quote
- Aug 15, 2008 7:52am Aug 15, 2008 7:52am
- | Joined Jul 2008 | Status: Member | 148 Posts
- Post #20,713
- Quote
- Aug 15, 2008 7:53am Aug 15, 2008 7:53am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
{Promotion Removed}
- Post #20,717
- Quote
- Aug 15, 2008 7:56am Aug 15, 2008 7:56am
- | Joined Jul 2008 | Status: Member | 148 Posts
- Post #20,718
- Quote
- Aug 15, 2008 8:01am Aug 15, 2008 8:01am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
{Promotion Removed}