Mid-Week EUR Thoughts, Charts and Setups

“Europe has found itself confronted with fresh challenges – challenges of a global character, the nature of which is directly connected with changes in the international climate and the difficulties of seeking new models for co-operation.” -�Boris Yeltsin
Here’s a daily chart of EUR Index (euro against a basket of five major currencies: USD, GBP, JPY, CHF and SEK). As you can see, the uptrend is stable since breaking above 107 and every former resistance was a good level to buy on pullback, following the trend.



EUR Index daily chart 3-30-2011 hollow candlesticks


And here’s the EURUSD chart, below – quite similar to Read More

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� 2011 FX Trading Blog - innerfx.com | Article Source | Post tags: breakout trading, EUR Index, EURGBP, EURJPY, EURUSD, USDPLN

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