Sunday, November 13, 2011

EUR/USD Trade Today - Europe Actions

We do not know what the Euro-Zone actions were over the weekend. We will find out in the 60 minutes prior to the US markets opening tomorrow (Monday.)

Of course, we have a pretty good hint from the most-Eastern-Asia starting price action recently.

Here's our guess: There was nothing significant over the weekend because the new-day EUR/USD action was up on low volume (typical... since the US action at COB Friday was up) and then the ratio immediately dropped into the standard 20 vs. 50 day envelope.

One of these days, we want to be wrong about a prediction so that life becomes more interesting...

Watch out for EU weird-news Monday in Europe(!)