Like many traders before the publication of the mention of measures the Fed The QE2, markets quickly returned to their previous fears, and of course among them, mainly European tensions weighing on the public debt. Unfortunately, I hardly have time to write real articles now for obvious reasons scolastico-boring, so I'll be very brief.
The euro broke the $ 1.40 down, at which I've been shorts. Today, after falling 150 pips in the absence of any news, prices are kept below the moving average 20 sessions, indicating a trend reversal, and they are closer to $ 1.3697, my next major support.
It will go test it to determine the capacity of euro bulls to turn the tide and resume the leadership of 1.40. If the media were to give a broader movement correction seems to me to wait. A look back at 1.35 or 1.3333 (for the beauty of numbers, but not only, since last August 8 to 1.3333 have been a top major). A monitor with the G20 of course this weekend.
Good trades and happy trading.
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