Saturday, March 05, 2011

EURRON Update

Eurron_daily_04-03-2011

As noted in a previous post, EURRON was heading towards the 4.19 - 4.20 area which was touched before bouncing higher (see the updated chart above).

A clear drop through the mentioned area increases the probability of a return to the 2010 lows (around 4.06) or even lower.

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