Wednesday, May 25, 2011

Euro midday report 5/25

The euro showed some strength overnight and this morning by rejecting its dip lower, but still holds its peaks from yesterday and while I might not bet the farm on it, it looks like it has given a low risk opportunity to get on the short side of this trade. Look for a definate crack of the 1.410-1.415 level to signal that we might be headed up for a bit.

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