The fundamental flow of information makes the Euro difficult to analyze, but we'll look any way as it has reached a resistance level.
It seems the Euro is nearing the end of it's short squeeze.
Friday, October 14, 2011
Euro/FXE
Since the Euro has largely been driving trade, we'll take a quick look at it, some bad news is out of Europe as you have probably heard, the latest centers around Dexia Bank.
The fundamental flow of information makes the Euro difficult to analyze, but we'll look any way as it has reached a resistance level.
Intraday 1 min of EUR/USD
FXE/Euro 1 min
Longer term daily chart
Here are the same levels as above.
It seems the Euro is nearing the end of it's short squeeze.
The fundamental flow of information makes the Euro difficult to analyze, but we'll look any way as it has reached a resistance level.
It seems the Euro is nearing the end of it's short squeeze.
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