Tuesday, May 17, 2011

EUR_USD_05_17_2011






I am going to post up several hour and day charts for the Euro...........I think you can get the picture from the charts............Here are some Euro hour and day charts......The hour charts and even the day charts are showing the euro going up in the near future..... Please notice on the percentage band chart that the Euro is in an ascending wedge on the RSI on the hour chart........This means that the odds are very good that it will break out to the upside and then resume the down trend extremely strong............Also, look at the volume indicator because it has returned to favoring the upside just today..........

Good Trading Everyone,
JahDave

No comments:

Post a Comment