May 20, 2010
Too Much Negative News Helps Boost Euro
The EUR USD confirmed Wednesday’s closing price reversal bottom and surged to the upside on Thursday. Based on the chart pattern, traders should look for this move to
continue with 1.2742 to 1.2884 the next upside target zone.
All day long the market was flooded with negative chatter about the Euro which turned out to be the sign that too many people were short the currency. Often times a
market will …
