Tuesday, July 9, 2013

Lines on Charts: "Euro about to crumble and fall hard?"

Long time readers know we don't much care for question marks in headlines, considering them passive-aggressive, deceptive and weak but hey, it's his headline, not mine.
We'll be back with some good 'ol declaratives in a bit. 
EURUSD  1.2786 -0.008
From Kimble Charting Solutions:


The Euro may have formed a "Bearish Head & Shoulders" pattern over the past 9-months with the neckline having a hard time holding as support at (1) in the chart above.  At the same time the US$ is working on breaking a resistance line that has held the US$ in check for the past 8-years....MORE