09/09/2011

CET 11:45, EURUSD new six month low. U.S. indices turning down.

Very slowly the euro has fallen Friday morning against the dollar and a few minutes ago hit at new six month low. The currency can still crawl back up but I regard the drop as a serious start of the day.

Asia and Europe have traded the Dow and the SP futures slowly down and the two hour 8 MA has now crossed the 21 MA on downside which is a first warning that a fall may occur.

European indexes hardly move. FTSE has touched the falling 8 week MA again without penetration.

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