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Old November 20th, 2001, 02:51 AM
K.B. Advisory's Avatar K.B. Advisory K.B. Advisory is offline
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Exclamation EURO/USD, European update 20.11.01

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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