Intraday Analysis from FXMarketAlerts.com
Receive FREE Weekly Strategies.Published at 12:21 (GMT) 09 Oct
CLP is firmer this morning as EUR recovers from a 70pt nose dive for reasons that include IMF report on Greece and its global growth downgrade and a reweighing of 10yr Spanish bond yield. In any case, copper's rebound to positive territory is supportive, with CLP trading south of 474. While we believe that advancement below 470 to 468 is limited given intervention fears, on the other side 475 has proven to be a strong s/t resistance.







