The Euro consolidation has taken on a more familiar shape. The diagonal line is the downtrend line from Monday that the Euro broke above today, in green we have a symmetrical triangle right below the $1,30 level. A breakout to the upside here wold be very bullish. Although it doesn't happen in currencies as much as equities, usually we'd watch for a head fake downside break right before an upside break to shakeout any long positions.
No comments:
Post a Comment