Tue, Aug 26 2008, 15:35 GMT
by Anthony Samaha
12pips EURUSD Mission Accomplished
A. (26August US) Latest Impact: Low Liquidity vs. Political Dangerous Zone
There is no need to panic as the harm has already done. The situation is going to be reversed and the political situation between Russian and Georgia is as bad as we expect. The FX moves would be translated onto reversal point sooner or later, and already extreme divergences are on the show.
The low liquidity that the market encounters does not allow exact levels to be addressed and the spikes made today especially in crude oil inform us that a Reversal point is going to be fixed within 24hr. Be careful, do not allow today’s move takes you dollar-North.
B. Signal
Limit Order Valid till 27 August
C. Mission Accomplished:
(25August Europe) EURUSD: Long 14769; TP 12pips
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on Tue, Aug 26 2008, 15:47 GMT
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