Thursday, November 11, 2010

EUR/USD and PIGS Bond Spreads - Trend Reversal

PIGS Bonds Spreads and rising higher.

EUR/USD Daily chart has the 3 Black Crows pattern suggesting a Trend Reversal is in place - a simple 38.2% Fib retracement target lies at 1.3634.

1 comment:

  1. and the 50% is where. the algo is more likely to be mean reverting. the onloy question is which timeframe the algo is trading and thats what we have to figure out