May 21, 2010
Weekly Reversal Up could be Powerful Signal for Euro
The Euro finished the week higher, but more importantly posted a closing price reversal bottom on the weekly chart. This pattern suggests that this week’s short-covering
rally could be far powerful than previously estimated.
The short-covering rally which began on Wednesday continued in the Euro on Friday ahead of Germany’s vote to approve the massive deal to save the common currency and keep
in check the Euro Zone debt …
