2007-05-03

This could be, the most important post for this month.

Even I profit from falling dollar today again, I see some bearish things are forming in EUR/USD.

4 hour chart showing something like rounded top forming - in red.
The middle term upper channel - in pink is in tact,
but there could be new down trend channel - in blue.

We defenetly must see 1.3660 or more, in order to ignore the warning, that these figures and lines represent.

Something else - even we see the EUR up to 1.3650, it means that decline is ahaid.


One day chart. We can see same rounded top forming. We can see the support @ 1.3250 from the triangle long time ago - in pink. EUR upper channel is in tact.

(not a) trading advice - accumulate EUR now, but do not accumulate too much of it, because the correction may be already began.

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