2007-10-26

EUR/USD - down now or never

After soaring again to new all time high - 1.43.70,
EUR/USD approaching the resistance point:
EUR/USD 3 day chart - is on the top of the new parallel channel
EUR/USD 4h chart - here it is forming a wedge. A bearish wedge...

Today EU data was actualy negative for EU. I do not see why EUR is up. We will see US data this afternoon.

One thing for sure - if you are long - sell it, before is too late :)

So set-up is ready, south - now or never :-)

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