INET : Next support, 1.22 ….then 1.08-1.10

INET on both daily and weekly chart looks as if it is heading to 1.08-1.10 or so, and for the near term is better left to fall and stabilize before re-entry is considered.

Use the recent low at 1.22 as last support and possible temporary rebound pint for a few spreads, but overall risk is high here.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: