The EuroUSD seems to be stabilising now (it was expected, especially since 'experts' started discussing about Euro Dollar Parity!!)
The EuroUSD pair seems to be developing a set up for a rebound and I expect that a break above 1.2450 should give the necessary boost. On break out expect immediate targets near 1.2750 and then beyond!
Stops need to be at 1.2270.
In recent past, the Indian markets had taken a beating whenever the Euro fell and so if Euro starts rising, we should 'logically' see an upward bias in the stock markets ... But then, didn't we see some 'decoupling' of Indian markets in last few days ???
The confusion prevails... Markets often do the reverse than what 'logic' suggests !! Keep your fingers crossed!
CA Rajiv D Khatlawala
www.investogyan.com
Creating Educated Investors!
"If not the GODS, put the ODDS on your side"
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