Tuesday, November 17, 2009

EURO (Nov 8, 2009)

Euro has formed a Head and Shoulders pattern on the 60 min.
On the daily chart, its is still above 50 EMA...so the uptrend is still intact.

Not sure about you guys, but Head and Shoulders to me is just a guide for projecting the target...nothing more...

The Euro has to break the necklines which can be at so many places....so taking it one thing at a time



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