Thursday, November 04, 2010

Euro Currency - Update


It's been awhile since I've written about the Euro so I figured I'd post a quick update. 

 If you read my blog about a month ago, you would know I was bullish on the Euro based on the inverse head and shoulders pattern which spanned from last spring going into the fall.  Since that post the Euro has risen substantially and is rapidly approaching it's upside target of 147.  I think there is still a little more upside left for this currency as can be seen in the above chart.

If you would like to read my original post from last month which illustrates the inverse head and shoulders pattern, you may do so by clicking here.

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