EUR/USD: bullish breakout - 21 September 2012
  • EUR/USD: bullish breakout – 21 September 2012

    Joaquin Monfort
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    posts: 1191, comments: 3

    Eurodollar has broken out of the down-sloping channel it established on the hourly chart since falling from Tuesday’s highs. The eventual target for the breakout lies at 1.3075. This could be the final 5th wave higher of the move which started at the beginning of September and it could go higher and re-touch the 1.3170 highs.

    EUR/USD

    Joaquin Monfort

    Research by:

    Joaquin Monfort

    Forex4you analyst

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