Wednesday, May 26, 2010

Euro Status: Afternoon may not be comfortable.

Refer to my posting today morning, where I was waiting for the Candlestick to complete the action. It has now confirmed the Bearish pattern. The next candlestick too is at present going red and can be seen from the attached chart.

 

This indicates that afternoon may not be “comfortable” for Europe as well as our markets, unless the price action of Euro reverses abruptly.

 

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.

MASTERSTROKES