Tuesday, March 30, 2010

Any more crisis in Europe?? (2010-03-30 EURUSD analysis)

Finally all my mid-term examinations are over. My last one is Derivatives examination this morning. After spending lots of time figuring out the pricing of Forward and swaps, I can have some time to be back to the market and analysis.

My main interest is in Euro in recent days. It is really exciting when keeping track of what is happening, with sudden news driving the price crazy.

Having no bad news means good news. Euro rebounded these few days. However, would this trend last long?



With the price far below the ichimoku cloud, we could conclude that the trend is still bearish. The price is actually touching the channel I drew, and it would probably result in a greater drop afterwards. Is there any other crisis in Europe going to pull the price down?

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