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10/26/2006 Archived Entry: "EUR nearing critical resistance."
The EUR/USD chart is nearing significant resistance. Either this chart will give us some excellent short trades intra-day, or it will push through and deliver great profits to the upside. Here's how will you know which trade to take. There has been a strong short-term rally in the recent two weeks, but watch out! There is a long-term down-trend in place. The Euro needs to break that trend before the chart can be considered bullish again. Above 1.27 the EUR/USD chart is into bullish zone, but until then there is a strong probability of a down-turn. Watch this video update for specific Fibonacci support/resistance levels and trend lines. Click here for FibMaster's EUR/USD chart update. This video will open in a new window. Check this chart in coming days, see whether my update was "on the money". Learn to apply these techniques to your own trading here
(At some future point these update files will be removed due to space restrictions)
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