Saturday, December 25, 2010

Euro Dollar chart analysis

Euro Dollar chart updated ;
1) Pay attention to the chart pattern higher lows, followed by a break out above the "key resistance level". Learn how to spot "fake moves".
2) LT pattern (higher lows) is "still bullish", but a break below 1.2975 could trigger a huge bearish signal. (Note that some see a huge head and shoulder pattern).
3) If a higher lows pattern starts to form, wait for a clear break above 1.3200 to build positions.
4) The $USD Dollar index has a clear bullish trigger right above 81.5 ; If that level is broken next week, short the Euro

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