Thursday, June 3, 2010

Euro Chop 6-3-10


SNB intervention reaction was in the process of being totally erased since it retraced the whole move down almost, filled most of the gap up from 5-18-10:



Expected AUD/JPY and NZD/JPY to breakout of resistance diagonals, which would also help boost eur/usd:



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Update:

Looks like Yen went exactly like I expected, and euro is still bouncing off the high of that breakdown from 1.2180s

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