Monday, July 11, 2011

Quick Updates in the Morning

  1. EURGBP in good support region
  2. EURJPY keeps falling and takes out overnight lows. Not looking good.
  3. Cable falls to support at 1.5880 (61.8 of 1.5340/1.6745) and has broken thru it a little indicating further downfall.
  4. EURCHF hits record low and expect still more lower prices
  5. General risk aversion pointing to new uptrend in USD
  6. Next important support for EURUSD at 1.3905 where the 200 DMA comes in