Tuesday, January 3, 2012

Euro Update

 DIA 3C in yellow is already showing the start of a negative divergence, in red is the Euro

 The Q's are showing the same

 Here's that level  showed you where the Euro broke down last week and is now resistance

And if you looked at the chart above closely, you might have seen this bullish ascending triangle, a perfect head fake target. We have the first component of a head fake, the breakout, now to see whether the Euro falls below the apex, which will put downward pressure on the market.

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