DislikedI agree that it will go down but it looks (again) like it wants to take out the high from this morning first 3507 and THEN it's down. I have a small long from 3471 to TP @ 3511. Lets see....Ignored
Why do I say this? It seems SAMA is waiting at 1,3435. This information was released:
This is very interesting. Well I think so!!
Written by Gerry Davies
January 19, 2011 at 12:05 GMT
There is talk SAMA has a bid interest lined up down at 1.3435.
Source just told me market participants are front running this interest, placing their stops just below the said 1.3435 (just incase interest overcome)
Source: forexlive
Last time I remember they entered the market, the pair moved more than 350 pips in one day.