99nines
Long

quick thought on eu

FX:EURUSD   Euro Fx/U.S. Dollar
260 6 3
going to publish a more detailed chart soon...dont short this yet
The start of reversal for EU after the strong support at the bottom.
With FOMC not increasing the rate as well, EUR end up bullish because of USD.
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You thinking price will break out of the down trend?
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market has not decided whether to reversing or not.
Dollar still in strength and do yourself a favor don't buy eur untill you started seeing higher highs.
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Good Point vdubus
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99nines idea of a break out can't be dismissed. if You look at the pair on a mth chart the point of support & trend line is hard to pin point. Do we take the Red line or the Black ? If we treat the red as support then 99's level of resistance (Pink) is a logical bet
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I posted this the other day which would back up a reversal from it's current position
EURUSD CROSS ROADS ON A WIDER SCOPE

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