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Long

EURUSD in 3 Year Repeating Pattern

FX:EURUSD   Euro Fx/U.S. Dollar
274 0 2
EURUSD             looks to hit the trend line every 3 years. The weird thing about it is the months in which it hits, almost always around the same time (April-May). After 12 consecutive weeks of downward movement we finally see a green candle. If you do a little more digging you see the raillies go up into the .618. That would be around 1.3400. I'm aiming for a move hopefully into 1.31 but that is long term. Near term I'm looking at 1.28. We talk about this and more in this weeks Weekend Preview. Check it out here: http://youtu.be/6UwXNw9dEGQ
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