By
FXDD |
Technical Analysis | Oct 20, 2011 10:40AM GMT |
The forex markets seem to be unsettled today. There was talks that the summit might be postponed (from German news citing German officials). Those rumors were later denied from various sources There was a rally on the denial but the move higher did not hold and the last half hour or so has been up and down in the pair. This is likely to continue to be the “trend” for the day. As a result, my risk is increased which makes me more fearful, cautious and patient.
The EURUSD choppy trading is also evident in the USDJPY. That pair got a boost on a think tank report that was favorable for the USDJPY, but it too is back down.
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