Price action on EUR/USD, a daily chart of which is shown, has continued its bearish stance after breaking down below the long-prevailing uptrend in the pair about a week ago. This occurs after price hit a 15-month double-tested high around 1.5140. For more technical analysis on this currency pair, please click here for Monday’s (12/14/2009) Chart of the Day.
- James Chen, CTA, CMT
* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here.
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