EURUSD Shows Signs of Weakness as It Breaks Rising Trendline

EURUSD Shows Signs of Weakness as It Breaks Rising Trendline

From investingcube.com

Once again, buyers stepped up on the EURUSD move lower and propelled the pair from the key 1.2150 area. Only a break and close below that area should signal extensive weakness moving forward. However, the drop yesterday managed to break the rising trendline that started back on November 3rd, the Election Day in the United States. At this point in time, considering the Christmas break and the lack of liquidity in the markets typical for the last trading days of the year, the risk is that the EURUSD pair consolidates above the 1.2150 level. We may also imagine a head and shoulders pattern, with the pair hovering above ... (full story)

Thanks! I'll be buying then

oh, look! It's going up....

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