Euro is threatening once again to breakdown. Look at the chart pattern formation. After touching 1.4200, for the last few days, it was forming a Flag formation. It momentarily broke out of the flag, but resisted at the 38% retracement level. Now it is back into the Flag body. Will it breakdown / taking the world markets along with ? Time only will tell. Let us wait closely the price action from today….
Friday, January 15, 2010
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.


