Wednesday 19 June 2013

Bears to take over soon...

I shall resume with the more elaborate analysis from tomorrow.

But for now, I can't get overly bullish when E$ crosses above 1.3400. For this round, 1.3500 seems toppish and risk/reward favours fading into rally with rates potentially falling back to 1.3250.

We should slip into the full moon zone by the time Fed makes the press conference tonight. So be careful of the characteristic whipsaw price action and stay nimble.


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