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Thursday, November 11, 2010

FX Comments 11/11/2010

Good afternoon,

Today's a late message since I have had trouble with the website that hosts the blog since this morning.

I didn't have much more to say than what I said yesterday, since we haven't had much news to report.
My ideas didn't overall change neither sine I think the trend is still there.

We had was a volatile session, jumping from yesterday's lows @ 1.3670 back up until 1.3820
to return to the same 1.3670 lows. This price action has been really hard to trade since it marked a pause in the trend and squeezed many shorts.

Today EURUSD should find support around 1.355-65, followed by 1.3630 and resistance is around
1.3750-60.

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