Saturday, November 3, 2012

Euro Dollar analysis


Let's look at the bigger picture ...
1) We get a clear break out (out of that LT downtrend)
2) We find a resistance @ A
3) Price did NOT get above A, meaning ? We got a clear lower high
4) We are now facing another lower high, ready to test that key support level next week.

Channel pattern or clear reversal ? We shall soon find out ...
Any MAJOR key news coming from the ECB next week ????

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