26 November 2010

Euro breakout?

S&P 500 did react to that first supply level mentioned few posts earlier, causing Euro to slightly breach its up trendline on daily chart. 





Dollar index is still trading around 80.00, looking to break it and move to the next resistance (supply) level  between 81.00 - 81.50.


I wouldnt say it is a breakout yet on Euro, at least not on daily chart, still need a confirmation.

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