Thursday 30 July 2009

EUR/USD Late Asia Session Update

It appears as though risk was down, but not quite out, and there may be a bit more upside in the next few hours. Rumors of a 1.4000 barrier option, and some comments from the Chinese contradicting their tightening of lending policy has begun a tentative risk rally yesterday afternoon. I tried to sleep, but when price started moving up, I found that I couldn't so I guess I'm going to watch early London. In the meantime, here is a 15-minute chart of the EUR/USD.

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