Welcome and thank you for visiting! The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
...an expanded version of the "Observations" section in my private Daily Trading Journal.
***N.B. ~ Canadian markets are closed on Monday, May 20th for Victoria Day holiday.
Tuesday, November 15, 2011
Euro and 1.35
The EUR/USD forex pair is back down to the 1.35 level...if it breaks and holds below, price could ultimately drop to 1.33, then 1.30, as shown on the two Daily charts below...otherwise, we may see price advance to 1.40ish.
As a potential confirmation of direction, I'll keep an eye on the European financials sector, EUFN...price is currently sitting on support just below Fibonacci confluence resistance, as shown on the Daily and 4-hour charts below.
