Saturday, July 11, 2009
EUR/USD Seasonality - Monthly chart
Here is clearly shown the EURUSD is slowly grinding up - just to see resistance at the 21-month MA which is evident from the chart that has a pivotal role...
if the seasonality patterns could provide a guidance we might either have an exhaustive upsurge and then drop or we drop right away...
the most difficult scenario is to have an uptrend once a monthly close above 1.44/45 materializes..
Large traders(green COT) are builidng long positions - that makes an uptrend possible..
Share to Twitter
Share to Facebook
Share to Pinterest
Foreign Exchange Trading
Post a Comment
Post Comments (Atom)