Daily chart of EURO is a beauty. Consolidation, breakout, consolidation, breakout. I love this chart. Well, we are again in the consolidation phase, and at the new high area. I remain positive now, which means I am only looking at the Long side at the moment. It depends on what do you want from the market. Accumulate long position to anticipate the upside breakout? or hold your breath now and wait for the breakout.
Here is the….CHART!
[photopress:euro_daily.gif,full,1]
Here is the statistics
[photopress:EURUSD_trend.jpg,full,1]
And here is the FXE (CurrencyShares Euro)
[photopress:FXE.jpg,full,1]
Chart used Tradecision
