Why Asian markets Opened lower and went positive? Will it sustain the intraday reversal?

Why Asian markets Opened lower and went positive? Will it sustain the intraday reversal?

 

This question is well answered on the chart. You can see how Euro was, when Japan opened. That that point DOW futures was -80.

 

When Hang Seng Opened, Euro went into the retracement mode. Hence they opened less weak and now positive.

 

When India opened Euro was near the fag end of the retracement. Now, Euro has hit the resistance and showing the dropping tendency.

 

Now… You might face a quick intraday fall, if Euro falls further as is the current indication and does not show an abrupt U turn.

 

 

 

 

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MASTERSTROKES