Wednesday 19 January 2011

USDX & €$



strong uptrend for the Euro and an inverted head and shoulders pattern that i missed this morning..but where are we heading? Whats the objective?
For some possible answer i am looking at the E-Signal chart below.

Will the yellow sliding parallel hold as price falls
















There are of many possible CL's that can be drawn but the mauve/magenta one stands out to me. The RL from this fork seems to have some interaction and support with price.

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