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Alan Posner
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Sea Lion Capital Management LLC provides Investment Advisory Services. Founder and Chief Market Strategist Alan Posner presents his analysis of markets here throughout the week. Sea Lion Capital Management specializes in stock market technical analysis, commodities technical analysis, and forex... More
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  • EUR/AUD Momentum Shift 0 comments
    Jan 15, 2013 9:02 PM

    EUR/AUD has now put in a lower high and momentum is turned to the downside. Clearly the Euro is short term overbought against multiple currencies and while the Aussie remains stubborn against the Dollar this makes it strong against the Euro. Minor support at 1.2550 is unlikely to hold with the negative momentum behind price which is no longer consolidating. See chart here

    Themes: forex, Euro, Aussie, EUR/AUD
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