June 18, 2010

EUR VS USD Falling wedge updated

  • Euro made a reversal from the falling wedge.
  • The reversal is mostly due to short covering.
  • And right now trading near 1.24 and will have enough steam to reach 1.26 were it will face stiff resistance again. and may be selling pressure will return
By at

2 comments:

  1. shivaJune 18, 2010 at 11:49 AM

    san sir,
    wonderful work with simplest way,benefited for layman like me..
    thanks& rgards

    ReplyDelete
  2. SanJune 18, 2010 at 1:39 PM

    Thank you shiva

    ReplyDelete

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