Market Update: The Next Short Term Euro Move: North or South?

By: Ajit Singh | Tue, Jun 8, 2010
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Euro

The next short term move for the Euro will be a 250 pointer! The blue lines are the trigger lines for the very short term. Breaching these lines will take us to either 11700 or 12150. The orange lines denote how the move could open up either way.

We posted this chart last week:

Euro

With this chart we stated the following:

Buy at the trigger lines and gain control in Bull Land and we'll surely head higher towards 130 to 135 with ease.

Sell at the trigger lines and if the Bears decide to kill this dry then surely 113 will come alive with ease.

Clearly we've snapped to the downside and now 11300 is alive for the Euro. For the very short term we will see which way the next 250 point move is going to be struck.

*LAST CHANCE* - Please note TMS's special rate Annual Subscription of $225 for the safehaven.com audience was set to expire this week on Thursday but has been increased only until Monday 14th June! Tradingmarketsignals.com has decided to REMOVE the annual membership and this is the last chance to join us at an annual price after which new members will only be able to access our insight at the new price of $74 per month.

LAST CHANCE: Retail traders can join at the special annual rate below which is not available via our website; http://tradingmarketsignals.com/#/flash-crash-price/4540799314

This works out to virtually $18 a month which is a significant offer as the joining fee will be $74 per month from 14th June 2010.

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Ajit Singh

Author: Ajit Singh

Ajit Singh
www.tradingmarketsignals.com

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