Weekend Chart Roundup – Sunday 8 July 2012 (18:41)
Euro chart has given up all of last Friday’s monster rally, plus some – we’re down at 1.22’s and staring at 1.20. Maybe the 19th Euro Summit wasn’t such a success after all. We’re through key support levels on the weekly and monthly charts now.
The Emini had a strong close on Friday and it looks like we’ve broken into an up trend move on the 4,500 tick chart. But let’s see where that takes us. Potentially that retracement could run out of steam mid-Monday into Tuesday.
Looking for a big week this week, now that 4th July (and Wimbledon) is over.
Good luck with your Emini trading.