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97% of the time, the EUR and the GBP move in the same direction. Not this morning. We just couldn't get them in synch. At times, EUR was going down and GBP was going up. Then when we go the two moving in the same direction, stochastics wouldn't confirm. Very choppy and dangerous day. Therefore we just traded the oil inventory news by riding the CAD's continuation pattern after a break of support. Remember this day. The next time you see lack of corrolation, perhaps you should consider taking the day off. |