While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
Euro...is putting in a relief rally from a very oversold condition in front of Thursday's ECB meeting.
It's presently trading @ 200 DMA resistance, which will also act as a near term upside pivot.
EUR/JPY...has had a nice 2 figure bounce off the 200 DMA right into first resistance which starts @ 139.86 and goes as high as 140.25.
The currencies didn't seem to buy into the Bond weakness in London with a stronger dollar.
These charts are sent so you don't chase direction into the wrong levels.
Euro
EUR/JPY
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
