rlebaud

Dollar at a crossroads

Short
OANDA:EURUSD   Euro / U.S. Dollar
Eurodoll is kissing for the 4th time the upper side of a long-term monthly parallel channel, which started in 2008. The pair just passed over the upper band of Bollinger Bands indicating an overbought environment and a likely imminent downside correction. Should this scenario fail, it could be the beginning of a new bull market on the Eurodoll. @bbands

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