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Sunday, 08 November 2009 GMT
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EURUSD Failing at Trendline
Wednesday, 07 January 2009 22:20:25 GMT
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- Friday, 09 October 2009 01:07:54 GMT Dollar: Something Has to Give
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The EURUSD made attempts to exceed a short term trendline (drawn off of 12/29 and / highs) but has failed. Additionally, the larger pattern favors weakness below 1.3312 in order to better complete a b wave that began at the December high of 1.4719. While this is clearly euro bearish, the pattern does not bode well for other dollar pairs, especially the AUDUSD (which is also failing at resistance in the .72 area).
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