Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Wednesday, May 17, 2006
Here is an hourly chart showing trading in the Euro-US dollar pair. I last commented on this market here.
I think a three phase drop to 126.50 is underway. Any substantial weakness below 126.50 will mean that the market is headed below 116. In fact, I think this is a more likely development than a move above 130.