Jamie's Pick: 08/30/11
Yesterday's LE of 14440 was triggered.
The EURUSD continues to probe the highs of the last several months, giving scope to a breakout towards the June and May highs (14694 and 14942). Structurally, I’ve maintained that the consolidation since the May high is just that – consolidation. Favor a break higher as long as price is above 14256. The final subdivisions of a triangle may be unfolding now.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.