November 13, 2012
- in Uncategorized by schooloftrade
Euro Futures Chart Prep:
We can see
the major bullish price-channel which creates the short term bullish price-wedge. We are trading at the lows of this price-structure.
the major bullish price-channel which creates the short term bullish price-wedge. We are trading at the lows of this price-structure.
We can see
the PLOD at 1.2676 appears to be our major support at this time. We recall the news overnight from Germany,
and consider this to be bearish fundamentally.
Now if we can get below the PLOD and see the Dollar-Index making new higher-highs
we can trade short on the euro.
the PLOD at 1.2676 appears to be our major support at this time. We recall the news overnight from Germany,
and consider this to be bearish fundamentally.
Now if we can get below the PLOD and see the Dollar-Index making new higher-highs
we can trade short on the euro.
The Dollar-Index
correlation is the strongest for the euro, and we know that with a strong Dollar-Index
we can sell the euro short.
correlation is the strongest for the euro, and we know that with a strong Dollar-Index
we can sell the euro short.
