LarsSorensen

Will the EURUSD break its Neckline ?

FX:EURUSD   Euro Fx/U.S. Dollar
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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.
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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Personally I am bullish, but not before it hits 1.0900 and above.
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