The Center of Gravity
- Posted by Robert Sinn
- on May 10th, 2012
Greece may leave the eurozone this summer and Spain might be on the verge of a banking system meltdown, yet $EURUSD continues to hover near the center of gravity – the 1.30 level:
Click to enlarge
Given the rather steep wall of worry surrounding the eurozone the lack of volatility in EUR/USD is quite surprising – remember that $FED/$ECB dollar swap lines announcement on November 30th?
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Robert Sinn is a professional trader and market analyst who focuses on multiple asset classes including equities, futures, options and currencies. He integrates fundamental and technical analysis. More »
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