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Euro Break Expectations
By Humphrey Bo | November 4, 2008
This morning my colleague posted our conservative market outlook of 1.2880/1.2900 based on our Monday morning debrief, analysis and trading positions. Little did we know that the trade would end up with huge pips collection.
Bullish Euro
This was our earlier post below “Sign - Euro Bull“ of our previous analysis and expectation at 1.2880/2998 resistance level.
Here is what we got. We took our position from 1.2604 this morning. At 1.2836 we added more into the barrel which we have now emptied at 1.3000 with our morning position. We should anticipate a pull-back from this 62% level of the Fibonacci, but we won’t be there.
Happy voting and hopefully your candidate(s) win and smiles all the way.
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