Discussion in 'Forex' started by gwac, Jul 3, 2008.

  1. gwac


    Todays highlights

    Payrolls as expected

    ECB raise as expected

    Market was expecting a hawkish statement post raise. They did not get it. This has lead to a selloff in the euro.

    We are down 130 points (1.576) as I write this. We are through the daily trendline that has held us in. We need to close below to see this continue next week.

    Market is very long euro and with the holiday tomorrow my guess is a possible test around 1.57 today and after that we will have to see.

    Keep those stops in