Chart to Watch This Week - $EURUSD
Sunday, May 12, 2013
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The EURUSD looks to have made a double top, which was probably a counter trend correction, and is breaking out to the downside.
When counter trend corrections are over, it will normally lead to a big move back with the main trend, so odds are that if the EURUSD continues lower it could be a big move.
The EURUSD looks to be a great Chart to Watch right now, as a big down move may just be starting to unfold.
i will focus on 2 targets this week ( 1.2850 and 1.2770 ) .. see the chart below .
Ayman Khlifat on Twitter
Follow @aymankkhlifat
The EURUSD looks to have made a double top, which was probably a counter trend correction, and is breaking out to the downside.
When counter trend corrections are over, it will normally lead to a big move back with the main trend, so odds are that if the EURUSD continues lower it could be a big move.
The EURUSD looks to be a great Chart to Watch right now, as a big down move may just be starting to unfold.
i will focus on 2 targets this week ( 1.2850 and 1.2770 ) .. see the chart below .
Ayman Khlifat on Twitter
Follow @aymankkhlifat
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