Well, an interesting day yesterday. A day for the Euro , something which was totally unexpected by me. To me, everything pointed to a down day for Euro. But anyway, i still feel that the Euro is weak and we could expect it to go down from now.
But, as expected, the AU showed a lot of strength. Right now, it is hitting against a huge resistance...A clean break of 0.7325 should take it a lot higher. Considering how it has been ranging so far, i am sure it could go to 0.7800 if and when it manages to break 0.7325. I guess the break should happen today.
With me expecting weakness in the euro and strength in aud, it might be good time to short euraud today.
Lets see.
Monday, April 13, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment