Minuteman
Long

EURUSD basic analysis

FX:EURUSD   Euro Fx/U.S. Dollar
551 0 1
The Euro             Dollar pair still looks bullish to me despite the recent weakness. Mainly because the source of this weakness was ECB head Mario Draghi talking about the high value of the Euro             last week. This week the recent Shooting Star on the daily chart certainly did prove true the day thereafter. It now comes down to monitoring the trend lines for signs of support. However, should the Euro             fall beneath 1.31 on a daily close, to me this would mean that the bull rally has stopped.
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