Algokid

Euro vs. USD - A second look

BATS:FXE   CURRENCYSHARES EURO TRUST
471 7 2
Early this week , the euro             and usd broke their resistance ( euro             ) and support( usd). But when long term resistance and support lines are added to the charts, we can see that long term, the euro             may continue to go down. Additionally, the Fib lines "confirm" point of support and resistance in both currency. Was the ECB and U.S FED actions this week enough ? time will tell. Comments , opinion are very welcome.
U.S dollar is bouncing off it's support. Gold and Silver are down
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Followed.
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the Fibonacci levels have been respected by both currencies. Whether this is a pull back or something more significant, remains to be seen.
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Agreed.
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Followed.
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Followed.
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Followed.
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