Killeens Financial Banner

Killeens Financial Banner

Friday, 19 December 2014

EUR/USD: Doubt is resolved; downtrend to continue

Stuck at Support Line A for the last while, there was doubt as to whether the Euro would continue to fall against the US Dollar, as market pressures would suggest, or whether the chart would bounce off Line A. Yesterday's downswing brought the chart clearly through Support Line A. The doubt is over. The Euro will continue its dive (with occasional pausses) until it reaches Support Line B, at around $1.12.

No comments:

Post a Comment