Dislikedequitys futures are up.. dow futures are up over 200 but the eu is at its lows.. hm?? ive been scalping long at but at 2625 picking up 8 pips each time the last few minutes.. i started thinking 2675 with a limited sl of 15 pips.. since we were in a little range and equitys up so much... ayway it seems with equitys doing so well this pair should be closer to sundays high not low.. something seems wrong..Ignored
the equities gap (200points for the dow almost) can also be correlated to the geithner speech. pa has not returned to lower levels yet.
The difference?....forex is open for the whole world already...has been for 12 hours +. The stock market has not even opened yet...if there is any selling to be done it most likely be done when all the players get involved (only institutionals now and less liquidity).
I think i am right...if anyone else has a better interpretation..correct me please.
Edit: if there is any truth in what I suggest...it means eur/usd could go down far more..interesting...
Different opinions highly valued, ignorant to slander.