Friday, August 6, 2010

EUR/USD high chance of intra day reversal.

The Euro is at 1.3275 as I write this and I think chances are high that we are at a near term top. Intra day reversal could come in here rather sharply or from slighly higher levels on Tuesday or Wednesday at around 1.34.
This one could be very vicious.

3 comments:

confederate miner said...

What are your thoughts on the wheat situation?

The Mad Scientist said...

Would love to comment intelligently on that, but the truth is that I got caught unaware on that one. I am still trying to backtrack and see if it has been priced into the wheat prices. Greg might be a better person to ask.
http://americanenergycrisis.blogspot.com/

Anonymous said...

Reversal indeed!

Coal Guy