Over the past several years this instrument has proven to be one of the best technical trades around. You need a futures account to trade this one.
126.62 is last Qtr’s high. It is attempting to put in an outside reversal Qtr with a June 30th close over this level. 127.35 ish is big resistance the first time up.
All you fundamental guys can machinate on how that will effect the Euro.
FYI … Dr. Nenner went long this one during the A.M. London session yesterday. I am mentioning this because,over the past few years, this has proven to be one of his most profitable instruments. So when he is on with this instrument, he’s really on!
