News - View Article > Education: Articles > Singapore Stock Market Updates On 23/07/10 > Is It Morally Right For New Employers To Check Your Credit? > Chart Presentation: Recap > Increased Fears That The US Economy Will Slide Back Towards Recessionary Conditions > Eurodollar, > $GBPUSD Short > A Baker’s Dozen Of Economic Items > Warren Wants Wesco > Chart Presentation: Equities vs. Bonds > Eur-Chf, > Reduced speculation that the Federal Reserve would act to loosen monetary policy further > Shift in expectations provided some degree of dollar protection > $GBPUSD wedge > Get Latest DOW Count > The Education of a Corporate Bond Manager, Part IX > Just and just, > El Superciclo de Deuda (John Mauldin) > Get a Plan and Stop Complaining > EURUSD in a channel > Ok - that was stopped, > Jim Wyckoff's Morning Blog--Tuesday > Chart Presentation: Lags > $EURUSD bounce? > Eur-Aud, > Singapore Stock Market Updates On 31/08/10 > No Real Muscle > Queasing over Quantitative Easing, Part III > States Are Requiring Bloggers To Get A Blogging License > Even Better > $AUDUSD > Goldman News and Market Analysis > Softs Market Commentary > S&P 500 Bounces off mid June Lows - Expect Much Bipolar Action in the Next Week > 1SPX 048 Exit, > We Are the Problem > Livestock Futures Commentary > Options and Position Sizing > Agenda de la Semana (26-30 Julio) > Bookkeeping: Closing Monsanto (MON) > FINRA y su BrokerCheck > VantagePoint Makes It Easy – If You’ll Let It > Politicians Are the Not Solution, Nor the Cause > Chart Presentation: Thesis Check > Queasing over Quantitative Easing, Redux > $EURUSD wedge

proacttraders's Commentaries

Aug 26 2010

$EURUSD wedge

by proacttraders
Overall Rating: Average rating is: 0 stars.

We have broken out of triangle but not per the norm and are now building a rising wedge which is bearish for the cross. The wedge could build up to the .382 fib retracement at 1.2756 before making it's way down. Targets at 1.2602 (S3 and .270 fib extension) and the 1.2544 (S5).

EURUSD-TOD.jpg



Tags: eurusd | currency-market-updates | currencies
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