Monday, June 11, 2012

Euro Currency Analysis

FXE - Chart Link  Daily Euro - text book technical analysis; first off the Euro broke down from the descending triangle in early May, then it took out Jan lows, then it bounced last week from some positive divergence via the RSI's and Histogram, and today it logically stopped exactly at previous support, which became resistance. 

FXE - Chart Link 60 min Euro, as you can see the Euro bounced last week however the bounce could be setting up a bear flag

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