Wednesday, September 7, 2011

Eur/Usd : Weekly chart

A quick look at the weekly chart shows that price is at a crucial point. There is support from the rising trendline and the 200 weekly moving average. Even the falling trendline could offer support if you consider this a a retest of that trendline. Big support, but the EW count i've been following calls for a break of this support and when it does break, it could be violent...

No comments:

Post a Comment