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Forex Envy

Monday, June 18, 2012

Don't Believe the Hype!



I thought it was all a bounce..I've said it before and I'll say it again!   Don't believe the Hype and beware Euro Bulls!  Even with the FED thinking about easing I doubt it'll slow the EUR descent with everyone out there

:http://www.bloomberg.com/news/2012-06-18/euro-remains-lower-as-g-20-leaders-discus-europe-crisis.html

Levels on the Hedge Fund Order Board, Compliment of Forex Live:


  • EUR/JPY buy stops at 101.00, offers at 1.0150 and 1.0200. Sell stops at 98.50
  • USD/JPY support at 200dma at 78.76, bids at 78.50 with stops below. Buy stops at 79.50 with more at 79.95 and large ones above 80.35
  • EUR/USD offers at 1.2600/10
  • AUD/USD strong offers at 1.0140/55, stops above 1.0170. Demand at 1.0065/50

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