July 24, 2012
- in Uncategorized by schooloftrade
euro currency futures chart AB=CD PATTERNS
9:00am EST
The euro currency futures chart this morning is
confirming what we’ve known all along, that the price would move lower down to
1.200. We can see the bear price channel,
the bullish AB=CD Pattern and the short term price channel support which we are
currently trading on top of. Our plan
today is to sell retracements with new lower-lows on the euro using a 21-wave
pattern.
Make sure the dollar index correlation
is strong because the euro is the highest correlation to the dollar index.
