Tuesday, February 27, 2007

EM under Pressure.....

Mexico is opening above the top of the channel at 11.1250. The markets certainly do not "feel good", and I would look for more of a melt down as the day progresses. The dollar is under pressure from all corners, with is slipping to 1.3205 against the Euro. I will continue to look for a weaker dollars across the board and also look for an opportunity to re-establish, and add to existing EM risk.

These are the FX Trading Ideas for today.

Good Luck and Good Forex Trading




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