EUR/USD Intraday Downside Breaches of 1.2520
May 14th, 2010Warning: This is not a recommendation to buy, sell or hold any financial instrument.
UPDATE: NEW LOW
1.2385
—End Update—
UPDATE: Splat
New low: 1.2422
—End Update—
1.2520 was the near term low that was set just before the ECB rolled out the confetti shredder.
New low 1.2516.
There’s a four hour not-really hammer and a couple of higher pivot lows using shorter intervals. It’s trying to bounce. If you’re short, near term, there’s potential decapitation ahead if a real hammer forms.
EUR/USD, Five Minute Interval
Monitoring…
Related: OM NOM NOM: ECB to Intervene in Bond Market to Fight Euro Crisis
Posted in Economy | Top Of Page
