Sharing the info... looks like there are 200 pips coming up...
EUR: The Euro is overbought but less so than it has been over the last week
Thu, 30 Nov 2006 08:05:10 GMT
by Nicole Elliott
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Comment: Consolidating at these lofty levels allowing traders and investors a little time to get used to these historically high prices. The Euro is overbought but less so than it has been over the last week. Our first upside target at 1.3200 has been met and there is a chance of touching 1.3400 this month if we hold above 1.3000.
Strategy: Attempt small longs at 1.3150, adding to 1.3100; stop below 1.3000. Short term target 1.3200, above 1.3220 should set off another flurry of buy stops are likely to be triggered taking the Euro to 1.3400.
EUR: The Euro is overbought but less so than it has been over the last week
Thu, 30 Nov 2006 08:05:10 GMT
by Nicole Elliott
<!-- #SELFPROMO# -->EUR
Comment: Consolidating at these lofty levels allowing traders and investors a little time to get used to these historically high prices. The Euro is overbought but less so than it has been over the last week. Our first upside target at 1.3200 has been met and there is a chance of touching 1.3400 this month if we hold above 1.3000.
Strategy: Attempt small longs at 1.3150, adding to 1.3100; stop below 1.3000. Short term target 1.3200, above 1.3220 should set off another flurry of buy stops are likely to be triggered taking the Euro to 1.3400.
