Day: April 13, 2008

EUR/USD Trade Idea for the Next Week

The current situation on the EUR/USD daily chart seems like a good preparation for the long position. If you look at the picture below you’ll see three highs almost at the same level — 1.5902 on March 17, 1.5896 on March 31 and 1.5913 on April 10. The corresponding lows of these highs conclude an uptrend. Altogether they form an ascending triangle, which is the known continuation pattern: Somewhere next week I expect the upper horizontal […]