Euro. Kneejerk dip and rebound followed by run to 200 hour ma. Use this and ultimately 10 day ma as a pivot. Above see 35 then 50 where further res expected.
Market looking at a rate cut so risk to downside equally weighted even if reality may turnout differently later in the week.
london red 08:41:31 GMT - 03/31/2014
eurozone inflation at top of hour. market expecting lower after weak spanish and german so a 0.6 print gives us a bounce as obviously does anything higher. 0.5 sees a kneejerk sell off but i wont chase as ecb will do nothing this week and euro will rally sharply on this as its seems month after month market expectation do not change.
PAR07:58:46 GMT - 03/31/2014
All stock markets to trade higher on end Q1 window dressing action . This can send EURUSD , USDJPY and EURJPY sharply higher .
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