Monday, January 4, 2010

EUR and CHF ……. cont……..

What a nice ride it was. The new year trading opened with a bang for  EUR.

From a sure shot down pattern, expected to go to 1.4200, it took no time to turn and reach   1.4400+, all in the day. Nice to have got out of the short position at decent profits before the turn came.

I got reminded of the saying that in the markets 'anything can happen',  and booking profits is a good habit to acquire.

So is this the taste of volatility to be encountered this year ?