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Fomenka
Aug 8, 2013 1:46 AM

EURUSD Short

Euro Fx/U.S. DollarFXCM

Description

I remain bearish about EURUSD despite it broke long standing resistance formed by two trendlines in the top of the chart. The pattern of price advance looks corrective in the shape of ending diagonals. Usually ending diagonals happen in the terminal move (wave 5 or C) followed by abrupt decline. However before price reverses it is possible that we see a brief spike.
Comments
smartsociety
USEFUL INFO YOU SAID ,THANKS FOR IT
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