KrunchieKilleen
Short

EUR/USD cautiously expecting downtrend to continue

FX:EURUSD   Euro Fx/U.S. Dollar
77 1 3
At the top of an upswing, the chart indicates the Euro             now swinging down against the US Dollar             . Some easing of the rate of the downtrend is seen in the recent oscillations, shaded on the chart. The security is now in a strong Long-term Support Zone , but economic pressure surely continues to strengthen the Dollar against all comers.Today's FOMC meeting can hardly stop the trend. We wait to see how low the present Downswing will go: will its bottom indicate a strengthening of the downswing, or further evidence of a parabola bottom forming?
nice chart, we'll see if the downtrend will brake the support..
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