-
EUR/USD – Falling Wedge Versus Trendline and 200-Day SMA
The EUR/USD extended to new lows for the week. The The decline appears to be sitting at the a short-term declining trendline support as we gear up for the 9/26 US trading session. The 4H RSI has remained above 40 since the rally started late July, but is now finally falling below 40, indicating the loss of bullish momentum. As the EUR/USD continues to slide in the falling wedge pattern seen in the 4H chart, it is approaching a rising trendline that use to be resistance until broken on 9/7. The daily chart shows the EUR/USD’s correction against a rally that started 7/25 from 1.2042. The rally initially respected ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Sep 26, 2012 7:58am Sep 26, 2012 7:58am
- Berna
- | Joined Jul 2010 | Status: daQUEEN | 82 Comments
- Comment #2
- Quote
- Sep 26, 2012 8:07am Sep 26, 2012 8:07am
- Manipulator
- | Additional Username | Joined Mar 2012 | 282 Comments
- Comment #3
- Quote
- Sep 26, 2012 8:14am Sep 26, 2012 8:14am
- TraderCapAym
- Joined Aug 2012 | Status: Junior Member | 3 Comments
- Comment #4
- Quote
- Sep 26, 2012 8:24am Sep 26, 2012 8:24am
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #5
- Quote
- Sep 26, 2012 8:29am Sep 26, 2012 8:29am
- Guest
- | IP XXX.XXX.88.150
- Comment #6
- Quote
- Sep 26, 2012 8:33am Sep 26, 2012 8:33am
- 4exNinja
- Joined Oct 2011 | Status: In your head, eating your brain | 80 Comments
- Comment #7
- Quote
- Sep 26, 2012 8:39am Sep 26, 2012 8:39am
- Guest
- | IP XXX.XX.54.108
- Comment #8
- Quote
- Sep 26, 2012 8:46am Sep 26, 2012 8:46am
- 4exNinja
- Joined Oct 2011 | Status: In your head, eating your brain | 80 Comments
- Comment #9
- Quote
- Sep 26, 2012 8:48am Sep 26, 2012 8:48am
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #10
- Quote
- Sep 26, 2012 9:05am Sep 26, 2012 9:05am
- Manipulator
- | Additional Username | Joined Mar 2012 | 282 Comments
- Comment #11
- Quote
- Sep 26, 2012 9:14am Sep 26, 2012 9:14am
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #12
- Quote
- Sep 26, 2012 9:31am Sep 26, 2012 9:31am
- 4exNinja
- Joined Oct 2011 | Status: In your head, eating your brain | 80 Comments
- Comment #13
- Quote
- Sep 26, 2012 9:40am Sep 26, 2012 9:40am
- Berna
- | Joined Jul 2010 | Status: daQUEEN | 82 Comments
- Comment #14
- Quote
- Sep 26, 2012 10:05am Sep 26, 2012 10:05am
- 4exNinja
- Joined Oct 2011 | Status: In your head, eating your brain | 80 Comments
- Comment #15
- Quote
- Sep 26, 2012 12:52pm Sep 26, 2012 12:52pm
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments
- Comment #16
- Quote
- Sep 26, 2012 2:32pm Sep 26, 2012 2:32pm
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #17
- Quote
- Sep 26, 2012 2:36pm Sep 26, 2012 2:36pm
- F4r
- | Commercial Member | Joined Sep 2012 | 4 Comments
- Comment #18
- Quote
- Sep 26, 2012 2:44pm Sep 26, 2012 2:44pm
- fxtimes
- | Commercial Member | Joined Nov 2009 | 402 Comments
- Comment #19
- Quote
- Edited 7:02pm Sep 26, 2012 3:39pm | Edited 7:02pm
- Loadedgun
- | Membership Revoked | Joined Sep 2010 | 3678 Comments
- Comment #20
- Quote
- Sep 26, 2012 3:41pm Sep 26, 2012 3:41pm
- leiamra
- | Joined Feb 2012 | Status: Member | 339 Comments
- Comment #21
- Quote
- Sep 27, 2012 1:51am Sep 27, 2012 1:51am
- mima
- | Membership Revoked | Joined May 2008 | 966 Comments
The Market pays you to be disciplined