Wednesday, November 11, 2009

11/11 - EUR/USD probes above channel midpoint


If the double top scenario for the EUR/USD (and double bottom for the DXY) is negated, the 1.5190 region is next targeted (wedge, channel & RSI projections). Meanwhile, the structure remains bullish until the 50-day & 10-week MA's are decisively broken to the downside.