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EURUSD Breaches 1.4000 Support
Started:October 31st, 2011 (02:40 AM) by Quick Summary Views / Replies:283 / 0
Last Reply:October 31st, 2011 (02:40 AM) Attachments:0

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EURUSD Breaches 1.4000 Support

Old October 31st, 2011, 02:40 AM   #1 (permalink)
Quick Summary
EURUSD Breaches 1.4000 Support

And with that we can put the highly semantic debate over which direction the European currency opened pre-market to rest. To all who were caught wrong way for the past 160 pips, better luck during the next centrally planned intervention. The next catalyst will be BTPs opening for trading in a few brief hours. We are very curious whether the ECB will more focused on preserving the Italian stability falacy or the EURUSD overvaluation myth: perhaps both? After all, "there is a (completely unfunded) EFSF for that."

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