IceTrading

EURUSD Update - Long Term Sentiment

FX:EURUSD   Euro / U.S. Dollar
EURUSD             Has established a very powerful resistance level around the 1.15 price point. A well placed pitchfork depicts EURUSD's steadily ascending price range for the last 6 Months. A break in this price range would serve as a signal to sell, as it hints that EURUSD             is not ready to begin a long term rally and may fall to parity. Conversely, a clean break above close above of the 1.15 price level would serve as clue that EURUSD             is possesses the strength to initiate a long term rally. I am not calling Long or Short for this chart because the market is constantly changing, therefore sentiment will also change. Good Luck and Happy Trading!
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