Euro/Dollar - Descending Wedge Pattern For Euro Strength
The Euro/Dollar currency pair chart is beating out a two year descending wedge pattern.
It's Momentum Indicators, the 14 / 3 / 3 period slow stochastic, and the 21 period Relative Strength Index continue
to display an increase in bullish momentum by plotting higher lows versus the price which is plotting lower lows.
This is called compound divergence which is bullish and confirmation thereof will be confirmed with a sustained
upside break above 1.14 versus the Dollar. Technical Target 1.25.
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It's Momentum Indicators, the 14 / 3 / 3 period slow stochastic, and the 21 period Relative Strength Index continue
to display an increase in bullish momentum by plotting higher lows versus the price which is plotting lower lows.
This is called compound divergence which is bullish and confirmation thereof will be confirmed with a sustained
upside break above 1.14 versus the Dollar. Technical Target 1.25.
This message contains privileged and confidential information intended only for the use of the addressee named above. Any review, re-transmission, dissemination, copying, disclosure or other use of, or taking of any action in reliance upon, this information by person or entities other than the intended recipient is prohibited. The views and opinions expressed in this message are those of the individual sender of this message and do not necessarily represent the views and opinions of the Sharenet Group of Companies. Consequently, the Sharenet Group of Companies does not accept responsibility for such views and opinions and this message should not be read as representing the views and opinions of the Sharenet Group of Companies without subsequent written confirmation. Each page attached hereto must also be read in conjunction with this disclaimer. Confidentiality note: This message is intended for the addressee only. If you are not the intended recipient of this message, you are notified that any distribution, use of or copying of this communication is strictly prohibited. If you have received the communication in error, please notify the sender immediately. The Sharenet Group of companies are authorised financial services providers. Sharenet Wealth (FSP#41688) and Sharenet Securities (FSP#28430).