Analysis of the EUR/USD: Candles in the weekly euro/dollar.
Submitted by admin on Fri, 03/20/2009 - 19:01.
New one-time gains and the euro soared against the dollar to repeat the story of the end of 2008. Nice candles week.
Status of Short-term:
Again, as happened last December, we will confirm the deployment of an impressive sailing weekly confirms that the area of the 1.14 / 1.25 as a medium for long-term worth mentioning. The upside has regained control of the market in all relevant deadlines for directional trading.
Trend Situation:
The old idea of a long-term uptrend will resume following the analytical level to overcome the 1.30. Technically the market is able to try what they could not complete at the end of last year: a move toward the 1.5 / 1.6. Resume the main trend.
