1st on Forex: For Your Trading Success by 
By Jerry Furst - Sr Analyst - Investors Education Network
Euro Poised For Breakout?
The Daily Chart of the EUR-USD (above) shows the Euro breaking resistance of a trend chanell
While the 4 Hour Chart of the EUR-USD (above) shows an Inverse Head and Shoulder
This is confirmed with the Inverse Correlated USD-CHF (above) with a Head and Shoulder
Both 4 Hour charts show a strong Support and Resistance lines .
The Week Ahead
The long awaited results of the so called “Stress Test” of US banks has been delayed. Speculation is that the original results were “sugar coated” for the government view and the requirements for some banks to raise more capital and could roil the markets.
Tuesday, Fed Chairman Ben Bernanke testifies to the Joint Economic Committee of Congress with his outlook on the US and the “Bizzaro” World Economy
Thursday has the ECB and BoE with Interest rate and Quantitative Easing policy and other “unconventional methods” to combat the
Friday has US Non Farm Payroll and Canada Unemployment Data
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Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients Click Here for a Free Self Evaluation Survey.