AUTOREFRESH 
Not much profit in buying high, selling higher today
Traders who came into the New York session with square positions have had few opportunities to profit by jumping on the prevailing uptrend in EUR/USD today. The break of 1.5100 around 16:00 GMT produced less than 20 pips of upside if your execution was perfect. Given a rise through $1200 in gold and a 2% rise in oil plus a move solidly back above 1100 in the S&P, the lack of follow-through in EUR/USD has proved a bit frustrating.
The real opportunity came yesterday afternoon when Dubai World announced its restructuring. Since then, the opportunities have been pretty sparse.
In this environment, the best one can do is hope the stale longs get bored and begin to lighten up positions, making EUR/USD cheap enough to venture a punt to the long-side. As ever, we counsel against trying to fade strength in a strong trend. Be long EUR/USD or square until the uptrend is broken. That trendline is way down at 1.4880, today.
Those with an itchy trigger finger can buy dips to 1.5070/75 with a tight stop below 1.5050. Target 1.5145/50 initially. The best bet for medium-term players is to scale into longs on dips toward 1.4880/1.49 with a stop below 1.4850 for an eventual move to 1.5285.
Tired of the boring Euro. Spice up your life with cable!
Now I know how you chose your screen name!
Yes but your mother chose your’s, Jamie
True…Good thing she named my brother FatFinger before me…
Well it could have been worse, imagine … Gerry Coleman!
That’s probably his second name
I shudder to think…
HAB
HAB? Uh oh! Who left the dark room door open?