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EUR/USD - Is a new trend forming?

Posted on November 12, 2009 at 19:44 in Uncategorized by Pierre Charlebois

The price did not make a new high on the pair but came within pips before reversing.

What should be observed then is 1.4626. This may be an important support.

Let’s see if a new Chanel is indeed forming.

2 Responses to “EUR/USD - Is a new trend forming?”

on 15 Nov 2009 at 7:35 am1j.j

Dear Pierre pls would you adv. on how you see Euro/$ also the GBP/$ as your view very useful and respectable,and in my view Euro range is 1.497/73 to strong sup. 1.4729/33 pls adv where i could be wrong here pls try to adv. me hopefuly before the market open.
Regards
on 15 Nov 2009 at 4:23 pm2Pierre Charlebois

Hey JJ.

We are in the middle of the range again. This is of course the hardest place to assess the trend and the next move.

Observe your barriers as you are doing.

Cheers

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