Monday, June 4, 2012

Eurodollar futures Update

this is a continuation post from last Friday .. June 1 ... notice i highlighted a 'pinch' which was nothing more than a break/cross up over the downtrend line in place from the mid march highs.

5 min 6E 
now the 1.25 has been regained.. the 1.245 level can no be construed as a level of moderate support... Perhaps a Test of 1.2625 is in the cards.. a level which has not been visited since the latest leg of the euro breakdown started this past monday morning.
15 min 6E