The Euro/USD has formed a very long term double top on the monthly chart with a top in mid 2008 and a lower second top in late 2009....it has now broken down through the neckline. Well it could be a false break....and it may not break the whole way but technically speaking it could now drop very quickly to about 0.86. That is not a misprint but it is a worst case scenario. It is also a target I heard Pesavento mention a few weeks ago. I imagine there would be some kicking and screaming around the neckline level before a final dive.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |