Thursday, March 25, 2010

1.32 looms

A U.S. stock rally evaporated abruptly Thursday as a strengthening dollar sapped gains in commodities and related shares, largely overtaking bullish sentiment that came with upbeat results from the retail and technology sectors.

A three digit gain was evaporated into a mere 5 points gain.

While Euro dipped below 1.3300 and stayed below. 1.3200 is a viable target now.
Nearly 2000pips drop from 1.5150 since Nov 09.

No comments: