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.
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  1. Alex n/ Tonbridge ALNovember 11, 2010 at 1:40 PM

    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

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