1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Dow and Euro decoupling correlation

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    The impulsive moves out of the January squeeze brought the Euro is back in familiar territory against the dollar as we can see from a broader view; Another successful bullish offensive overcoming the high made on the 11th can propel the pair out of the ascending channel resistance and shoot towards 1.16 and above; The risk, like we have seen in gold recently, is that a bounce turns into a major squeeze towards 1.22; My personal bias is bullish as long as we stay within this channel, specially

    Continue reading...
     

Share This Page