bertolinitrading

slightly ascending wedge on the Euro

AMEX:FXE   CURRENCYSHARES EURO TRUST
No position. Expecting a bearish resolve of the ascending wedge . It may be when the 50 MA catches up to price (112ish?) into the rising top line of the wedge . Obvious downtrend, selling rallies always easier than chasing a break downs.

RSI and MACD are trending up, needs more time to hit oversold levels before a reverse making price hit new lows. 2016 options might be worth playing up there.
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