2006-09-03

I am wondering what is going on with the EUR/USD?

As we can see yellow lines, there are a up channel. However, we see TWICE that support becaming resistance. If so, shall we still think that EUR is bullish?
But because this is what we think and work with, we think that the better picture is that there are sideways and a rectangle - orange lines. This rectangle should be broken on the upper boundary very soon. We shall see...

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