99nines
Long

quick thought on eu

FX:EURUSD   Euro/U.S. Dollar
260 6 3
going to publish a more detailed chart soon...dont short this yet
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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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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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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