Tuesday, February 21, 2012

Eur/Usd : Watch the trendline

This pair is looking like it wants to reverse lower. Wait for a break of the trendline for confirmation. Alternative is that wave (X) isn't complete yet and price is forming a wave x or b of (X).

Geplaatst door op
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1 comment:

  1. AnonymousFebruary 21, 2012 at 11:49 AM

    Hi Jeremy!

    That is a nice count which is also enforced by the last bearish candles.
    This would be a classic moment when EW proves more effective than fundamentals. With such positive news around (don't forget the next LTRO booked for Feb 29th, not to mention the bailout for Greece), the price would fade.
    I keep my fingers crossed.

    Thanks for sharing.

    Best regards,

    Catalin

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