If the double top scenario for the EUR/USD (and double bottom for the DXY) is negated, the 1.5190 region is next targeted (wedge, channel & RSI projections). Meanwhile, the structure remains bullish until the 50-day & 10-week MA's are decisively broken to the downside.
Daily DXY Roundup
EUR/USD probes above channel midpoint
Thu, Nov 12 2009, 09:22 GMT
by
Peter Ruud
- Informa Global Markets
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