Thursday, October 21, 2010

Oddly enough, a good result!

The Euro was at !.3910 and the GBP at 1.5800 when I retired last night and I moved my stops down to 1.3952 and 1.5845 which, upon awakening yielded a small profit in Euro and a full big figure in sterling which I closed out at 1.5747. I don't understand it but I'll take it. My suspicion here is that currencies will continue up for the day and a break of the overnight high in Euro likely leads to a retest of the 1.4155 high. I am long small Euros at 1.3990.

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