EURO

It’s the right time of the day for a low to be put in for the Euro. You’re seeing the last of the selling out of London, which can trail on for another hour. I am going to buy a little Euro here with a closing stop today below 145.50. It’s a 30 point risk from here to see if this will be the low for the rest of the week. Obviously the closer to 145.60 the less risk you have. The Euro is lower on the week having rejected that level of 146.44 earlier in the a.m. I am not looking to sell this currency.

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