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| Range Yesterday: 0.8765 - 0.8855 (Close 0.8790) Key 24 Hour Support & Resistance Today: 0.8680 - 0.8900 ASIAN UPDATE / Rate - 0.8789 Further trend aligned EURO depreciation is anticipated next 24 hours, targeting minimum 8730, potentially 8710 and 8680. Rally attempts ideally will fail around 8800/10, but must stay below 8850 for us to remain comfortable being short EURO throughout the trading day. Asian Trade: Short EURO @ .8789 (SL .8850) - Profit Order .8730 EUROPEAN UPDATE / Rate - 0.8795 Whilst 8800/30 (maximum 8850) continues to repel or at worst contains rally attempts, I remain optimistic that we can still see EURO depreciation reach minimum 8730, potentially 8710 and 8680 today. European Trade: Short EURO @ .8795 (SL .8850) - Profit Order .8730 AMERICAN UPDATE / to come by GMT 12:30 American Trade: MITS Recommendation: Short EURO @ .8789 (SL .8850) - Profit Order .8730 MITS Performance for November: -10 __________________________________________________ Long term: Trend Profile: Bearish EURO - October 11th @ .9007 Strategic Trade: Exit short positions & buy EURO @ .9124 |
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