Thursday, November 15, 2012

Euro Futures Falling Channel

6E Futures Daily Chart


Euro ended up catching a bid off the (ounce broken/now support) dotted blue trend-line. At this point I'm anticipating buyers to be more active/aggressive expecting a break up and out of the falling channel. Buyers want to see support be tested to enter the anticipated push higher. 1st Resistance is found at the 1.2887 price where sellers will be active and 2nd Resistance will be found against the broken blue rising uptrend-line.

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