LarsSorensen

Will the EURUSD break its Neckline ?

FX:EURUSD   Euro Fx/U.S. Dollar
63 2 2
The Federal's collective outlook on the economy on 29/4/2015, at 20 PM ET, by Madam Yellen should tell us if the market has found a support level which can push the EURO             higher or of course the USD higher.

However the first W shape in the chart does indicates a selling fatigue, thus buyers are driving prices back up.

NB! Any Long positions are best bought if prices breaches the highs of the neckline. Neckline is around 1.09200 EURfxUS.
LarsSorensen
2 years ago
Personally I am bullish, but not before it hits 1.0900 and above.
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LarsSorensen
2 years ago
It has indeed breached the line and is going into bullish territory. Doing some chart pattern analysis (W) certainly pays off. :)
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