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KrunchieKilleen
Feb 4, 2016 9:33 AM

EUR/USD SPIKE: WHERE WILL RESISTANCE BE? 

Euro Fx/U.S. DollarFXCM

Description

In my last Euro post I displayed a 23 year chart and justified my 2016 Projected Upslope. Today I zoom in on the current spike. I draw a speculative Resistance Line parrallel to the Current Support Line. If the graph repeats the pattern of December's spike, there may be a gradual rather than a sudden drop back to, and no further than, the Current Support Line.
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