I'm not sure what got the Euro turned around, but once it hit the gap resistance from the opening, it went parabolic, strange move for a currency, especially in light of the fact I can't fid any particular reason behind it.
In any case, TMV is one to keep an eye on this morning, it may very well make another run. I might approach it on the open, if it will gap up and set an intraday stop below the close of Friday. Friday it had sound 3C charts.
I'll be updating again shortly.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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