The longer term charts still look good as shown yesterday, I just wanted to make sure there was no deterioration on the short term charts. It kind of seems like the Euro may still be accumulating in a short of rounding bottom base.
Friday, July 13, 2012
Euro Update
Since the Euro seems to be the goose that laid our recent golden egg, I just wanted to check in on it to make sure it's still looking good. As was mentioned yesterday, the catalyst for an upside move appeared to be rooted in the EUR/USD FX pair, thus far this morning, the market couldn't make it anymore obvious with the market and the Euro both taking off right at the open.
The 1 min chart's VERY obvious change in character... the chart is holding up well this a.m.
The 3 min Euro chart, leading positive in to the lows that recent Euro shorts piled in to.
The longer term charts still look good as shown yesterday, I just wanted to make sure there was no deterioration on the short term charts. It kind of seems like the Euro may still be accumulating in a short of rounding bottom base.
The longer term charts still look good as shown yesterday, I just wanted to make sure there was no deterioration on the short term charts. It kind of seems like the Euro may still be accumulating in a short of rounding bottom base.
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