Tuesday, March 24, 2015

EURUSD Poised to Fall

EURUSD looks like its round of 2nd wave rallies is coming to an end. On the 30min chart it printed new high followed be a new low. This might be a subtle clue that resistance at this level will hold.

If the count is correct, it's dollar bullish so look for the dollar to recover and move higher across the board soon.