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EUR/USD Breaks Rising Channel Support
Channel break: The EUR/USD has been sliding in the short-term. The situation in Syria is boosting the USD as a safe haven currency. The EUR/USD was already having trouble pushing back above 1.34 since last week. Today (8/29), it fell sharply below the 1.3295 support pivot and a rising channel support coming up from a previous pivot at 1.2992. Sell on rally? A couple of weeks ago, I felt that a break above 1.34-1.3415 would be a very key bullish continuation signal, but the market retreated quickly and has held under 1.34, so that bullish outlook has been neutralized. Now I am considering the sell on a rally strategy ... (full story)
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- Aug 29, 2013 10:47am Aug 29, 2013 10:47am
- Maso
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- Spreadbetter
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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I'm not trying to convince anyone. I'm not in the "convincing" business.
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- magic963
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