We are getting closer to the lower end of the narrow range, from 1090 to 1110 that we've been trading for most of the past few weeks. I don't see anything to change that. A Greece default scare took this market to 1090, what will it take to break 1090, Germany defaulting? This is a resilient market, and the volatility is pathetic, so there is no point trading for a breakdown just yet. But the sentiment is not one that supports a strong rally. So range bound trading is the best bet.
No comments:
Post a Comment