Tuesday, 16 October 2012

EURUSD Triangle Chart

If you look at the chart above, the 1.3020 level in EURUSD is quite an important level. We have broken above it on the news on the credit line. As it has been denied by German lawmakers, EurUsd could just possibly move back below and this will just indicate to us as a false break in EurUsd. Watch this level. I think this is a key level in EurUsd.
Posted by at

1 comment:

  1. Effexlive16 October 2012 at 08:29

    Earlier post on the credit line and optimism on a Spanish bailout.

    http://www.effex-live.blogspot.com/2012/10/spain-credit-line-and-bailout-talks.html

    ReplyDelete

Subscribe to: Post Comments (Atom)