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14Oct/090

December Eurocurrency swing trading signal

December Eurocurrency – Long from 1.4825 – last price @ 1.4825 - The euro climbed to the highest level against the dollar in the past year, unwinding gains the U.S dollar posted when the plunge in global financial markets spurred demand for safety. According to the Russian Finance Minister Alexei Kudrin, “The dollar’s share in global foreign currency holdings will decline, giving room to “supranational” currencies in a “gradual diversification.” Overnight trading triggered the buy signal as the market responded to the “trail day” bullish directional indicator. Hold the long position, with the stop loss at 1.4675.

December Eurocurrency

December Eurocurrency

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