Wednesday, June 13, 2012

I'm surprised the Euro has held up this long, the indications suggested both the Euro and market would pullback and the dollar would rise, in the near term -the $USD divergence doesn't go out past 3 mins, but it's strong enough that it should move both currencies-Euro down/Dollar up. The market has already reacted as I suspected both the market and Euro would.

 The Euro is near some resistance, but not far away from that important resistance level-that's a game changer for sub-intermediate trends.

 Thus far it's held up much better than I expected, I don't know how much longer it can go.

 The SPY in green vs the Euro-as usual stops are placed at the most obvious place and taken out, at least the pros are making money on volume rebates.



 $USD 1 min positive

2 min positive.

As I mentioned it goes out to 3 min, but stops there.

As I'm writing this the $USD is moving and there goes the Euro.

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