KrunchieKilleen
Long

EUR/USD follows my track

FX:EURUSD   Euro / U.S. Dollar
87 1 1
Since my last post, EUR/USD             has followed exactly the tentative future path I laid down. The graph has now passed through the 30-Day Moving Average, which I previously postulated would be a signal that an upward trend is under way. This is not the first time, however, that this MA has been breached in course of the Euro's downtrend, (and I circle 3 such recent instances), so it is still only tentatively that I declare an upward trend.
Of course, the purpose of my post was to guess the over-all shape of the forthcoming uptrend; it will not continue to coincide closely with the lines drawn.
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