When the facts change I change my mind, what do you do sir
-
EUR/USD – Falling Channel vs. Rising Trendline
Falling Channel: The EUR/USD has been falling from 1.3710 throughout February, reaching a low of 1.3144 to end last week (2/22). The latest downswing cracked a rising trendline that goes back to July. However, instead of clearing it, the market consolidated around it to end the previous week. To start this week, the EUR/USD is pushed back above the trendline, and there appears to be a minor bottoming effort as we get into the 2/25 US session. Still the falling channel is holding structure with bearish momentum. If the 4H RSI reading pops up above 60, and price pops up above 1.34, then we are likely to have a breakout ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Feb 25, 2013 10:51am Feb 25, 2013 10:51am
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
- Comment #2
- Quote
- Feb 25, 2013 2:42pm Feb 25, 2013 2:42pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
- Comment #3
- Quote
- Feb 25, 2013 3:13pm Feb 25, 2013 3:13pm
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #4
- Quote
- Feb 25, 2013 4:36pm Feb 25, 2013 4:36pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
- Comment #5
- Quote
- Feb 25, 2013 9:18pm Feb 25, 2013 9:18pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
- Comment #6
- Quote
- Feb 26, 2013 12:47am Feb 26, 2013 12:47am
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments