Euro and Equities Follow Up

Author: Varun Kanotra
Website: http://www.expertfuturestrading.com
Posted: September 1st, 2009 at 1:25 pm EST

As a follow up on my short Euro trade, the Euro is trading 1.4190 as  I write this post. The Euro has been extremely choppy last few sessions as the previous highs got tested. However, in the UK and US session today we saw sellers driving the Euro straight down. This is just the beginning of a sustained down move in the Euro in my opinion.

On the equities side, I warned evryone to get out of their long positions a few days ago. The market has sold-off considerably (ES down over 30 points since my alert) since. We should see a continued rise in volatility as we enter September which should provide great intra-day trading opporutnities. For more information on my trades using the Futures Trading System, visit http://www.expertfuturestrading.com

Keep your risk in check and enjoy this ride lower :-)

Varun

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