Rising volatility

EURPLN (SELL): We recommend SELL with double stop/loss at 422.52. Yesterday, EURPLN rose briefly above 421. Hence, it peaked just above the trend line from July 2012. The daily close was at 420. Hence, EURPLN has made a technical turnaround signal if Friday’s trading closes below 419. We expect that EURPLN will be traded down towards 412-415 over the coming month. EURUSD (BUY): We recommend BUY with a double stop/loss at 127.29. Despite rising volatility in the FX and equity markets, EURUSD

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Rising volatility

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