This could not come at the worst time, just when you think it is safe to come out and play.."BOOM"..it hit's you. Surely the economy could not survive this hit? we are talking people staying at home, no sales, no buying, no going no were? just what the recession doctor ordered.
The theme Monday was flight to safety, everyone, man, woman and his dog seeking safety in the arms of the federal reserve. The EURO broke through key support levels against the Dollar, however i'm still a buyer until the swing low is taken out. Do we retest the lows? probably.
As for the carry...looks doomed...really Geppy could be on its way to 132 levels if we cannot take out resistance @ 143.80
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