Good results have sent the price higher than 103, but it still has 125 to beat (a resistance point established 4 years ago).
Technically it could move to 150p
Trend which began in April 2002 almost over. Wait and see.
On the Hourly I see Wanchain forming an ascending triangle pattern, we have also retraced to the 0.618 gib level, the golden ration,combining this with the fact we have become oversold on the daily I believe we could see a breakout soon. using fibbonacci and support and resistance I have mapped out some sell areas where, if we see a breakout, the trend could...
This week the EUR/USD has hit a major resistance point, shown above, having been tested twice and upon both occasions the price has been rejected.
Watch closely this coming trading week, depending on news releases throughout the week regarding both the euro and US dollar (beginning Monday 24th April), could tip the price either way.
Will be posting an update and...