Friday, November 12, 2010

Heading for a fall?

Debt fears out of Eastern Europe have sparked a sell off in the Euro, and it looks like the markets are following suit.

The Euro is currently trading at $1.36 which is down about 4.5% from a high just above $1.42.

Our market is down 1% at the moment with the FTSE100 down over 2%. The American futures are also down around 1.5%.

One must remember that we're still in a bull market, and that if there is a reversal it will be sudden, since the downard trend has not yet established itself.

Safe trading.

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