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Friday, March 09, 2012 11:42 AM


Euro Sell the News Round-Trip


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The following chart shows the silly rise in sentiment over the last two day that "Success at Gunpoint" actually meant something good.

Euro 15-Minute Chart (2-Day Timeframe)



click on chart for sharper image

Following the announcement the deal would go through coupled with reasonable job growth in the US, traders changed their minds.

The euro rose from just above 1.31 to 1.33 and back again.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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Euro Sell the News Round-Trip

Posted by Michael Shedlock at 11:42 AM

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