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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 TRADE ALERT
Mexican Peso Trading OUTLOOK
13:29 GMT - 09:29 NYT - Friday, July 1, 2010
PZO (USD/MXN): new USD weakness expected
Pivot: 131
Our forecast: Down move towards 125 or even 120.50.
Comment: The pair should strike against its MT bearish channel upper boundary as the RSI lacks upward momentum.
To leverage our Trend Opinion on Mexican Peso, we selected the following strategy.
Buy PZO Aug 10 128 PUT
Click here to view supporting charts and data for our trade alert:
http://www.fxoptions.com/Site/NewTradeAlerts.aspx
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