
with the markets rallying for about 2 days on "improvement of the sentiment" or we can also say successful bond sale from Spanish central bank, and completely disregarding data that was coming out (NZD retail sales -0.3%, German ZEW econ. sentiment- ultra low 28.7,USD- Empire state manuf. index 19.6.....etc)All major currencies rallied against USD and JPY, but not that much for the last trading session in Asia, although equity market gained in excess of one percent across asian markets (Nikkei +1.8%)This looks like a good reason to sell other currencies and buy USD and JPY, and best pair to do it on now is EUR/USD. Selling the weakest against strongest.Stops should be above 200 Simple moving Average, and targets should start at 1.2180 and much lower in case more bad news from Eurozone.
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