Adam Hewison at INO does a little technical analysis of the EUR/USD trends in a video at INO MarketClub. I have linked to the video below, but first a few words. Back in May, I wrote:
While there is currency revulsion now at work and the euro is selling off as a result, there is bound to be some serious short covering. Since then, there has been a pretty sizable rally in the Euro. And while the huge uptick in EURUSD this morning was credited to the (false) rumour that the Greeks might consider leaving the Eurozone, clearly there was some short covering going on.
Andy
View the Original article
Posts
No comments:
Post a Comment