View full page at forexfactory.com

 

Euro and Cable; Two Rate Decisions. Two Opposite Trade Set-Ups

From news_archive.php?id=80241

Ahead of the fundamental Rate decisions; a technical view of two pairs going opposite ways; [IMG]http://www.thelfb.com/wp-content/uploads/03-28-08/EuroDaily.JPG[/IMG] The Euro has formed an Ascending Triangle on the Daily chart, and that will normally lead to a break topside. In this case the upside trend-line is set beautifully and is acting as a solid Support area. The all-time high looks to be easily achievable if the ECB stays on hold, and remain Hawkish on fighting Inflation. Eleven sessions of holding this area may create momentum if the top is tested ahead of the ECB. ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News