Wednesday, March 27, 2013

Euro-peon Vacation

After walking the Mirrored Pivot's line for over six weeks, the euro appears to have another binary opportunity as it either firms over the next few sessions and follows the line - or things get disorderly on the downside. While we are leaning towards the former, our best guess is if we continue to slide through tomorrow's close - the risks shift towards a more disorderly market in the short-term.