Blog

Keep an eye on the Euro

Site Administrator | October 5, 2011

Responsive image

We have been saying it all week but you have got to keep a close eye on the Euro!  The current sell off in the market actually stems from fears out of Europe and the Euro along with the markets have taken definitely taken a bath.  Yesterday we saw the EUR/USD start to stabilize a bit around the 1.32 area and then start to bounce.  Even with the overall market weak, it caught a bid and started to rally.  That was our clue that a potential rally was on the way but we did not foresee the sharp rally that came in the afternoon.  In the last hour of trading, the ES futures rallied about 3% and the Dow went from down over 200 to up over 200... what a turnaround!   A few levels we will be watching today on the ES Futures include: 1106, 1116, 1120-22, 1125 and then 1130-33.  Click the link below to view our daily report:

 

***Be sure to join us for our free educational event on learning to trade with a Day Job by REGISTERING HERE

Cheers,

The TradingPub

“Trade, Talk, Learn – Cheers to Success”

Follow us on TwitterWe have been saying it all week but you have got to keep a close eye on the Euro!  The current sell off in the market actually stems from fears out of Europe and the Euro along with the markets have taken definitely taken a bath.  Yesterday we saw the EUR/USD start to stabilize a bit around the 1.32 area and then start to bounce.  Even with the overall market weak, it caught a bid and started to rally.  That was our clue that a potential rally was on the way but we did not foresee the sharp rally that came in the afternoon.  In the last hour of trading, the ES futures rallied about 3% and the Dow went from down over 200 to up over 200... what a turnaround!   A few levels we will be watching today on the ES Futures include: 1106, 1116, 1120-22, 1125 and then 1130-33.  Click the link below to view our daily report:

 

***Be sure to join us for our free educational event on learning to trade with a Day Job by REGISTERING HERE

Cheers,

The TradingPub

“Trade, Talk, Learn – Cheers to Success”

Follow us on Twitter