Thursday, May 7, 2009

Euro update

Along with my previous comments just posted about the VIX (and QQQQ's), we see that the Euro moved to a higher level today. So, we cannot say that a breakout from the triangle to point downward, has triggered or confirmed for the Euro.

But the Euro also has not triggered out of the triangle to the upside, nor is it above its 200-day moving average. So we must wait to see after today, whether it will give a trigger signal either way.

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