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Forum Guru
 
Group: Administrators
Last Login: 8/25/2010 9:38:53 AM
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TRADING CENTRAL's FX OPTIONS TREND OPINIONS
11:20 GMT - 07:20 NYT - Tuesday, June 28, 2010
Mexican Peso Trading OUTLOOK
PZO (USD/MXN): new USD weakness expected
Pivot: 131.50
Our forecast: Down move towards 125 or even 120.50.
Comment: The RSI is capped by a declining trend line, the pair is under pressure and is approaching its support.
To leverage our Trend Opinion on Mexican Peso, we can use different options :
1. Buy PZO Aug 10 125 PUT
1. Buy PZO Aug 10 127 PUT
1. Buy PZO Sep 10 125 PUT
Click here to view supporting charts and data for our trade alert:
http://www.fxoptions.com/Site/NewTrendOpinions.aspx
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