EUR/USD Weekly -“BIG picture, monthly RSI has broken out of a triangle pattern. Sometimes, a pattern breakout in momentum (or OBV) precedes the breakout in price. The development’s implications are obviously significant.” -A number of calls for parity have been published recently. While the long term pattern suggests an eventual print ...
[/LIST] US DOLLAR TECHNICAL ANALYSIS – Prices may be readying to turn lower after producing a bearish Evening Star candlestick pattern. A daily close below the intersection of the 14.6% Fibonacci retracement and a rising trend line at 11734 exposes the 23.6% level at 11648. Alternatively, a reversal above the 11854-88 area marked by the March 2009 high and the 38.2% level opens the door for a challenge of the 50% Fib at 11983. ...
[/LIST] Foreign Exchange Price & Time at a Glance: Price & Time Analysis: EUR/USD EUR/USD recovery stalled near the 3rd square root relationship of the year’s low near 1.1415 on TuesdayOur near-term trend bias remains positive on the euro while above 1.1210A push above the 3rd square root relationship of the year’s low at 1.1415 is needed to set off a new leg higher ...
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