Market Overview

Game Plan: 01/11/2012

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Game Plan: 01/11/2012

Market:  Eurex EURO STOXX 50 Index Futures, $FESX_F

 

Range:  2510/2480

 

Reason for trade:  The move in the Eur/$ is not supporting longs, therefore we kept our short stance, the first longs will try to enter the market around the 2480 level, although the 2510 breakout will lead the market to test the 40 level. US Macro will help today in reaching range extremes.

 

 

 

 

Originally posted at www.77sigmatrading.com

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Forex Markets Trading Ideas

 

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