The EURO may be getting ready for a bigger Bullish Rally.
The following table shows the strong positive correlation between those pairs in a Daily TF.
EUR/AUD Is coming from an UTL channel retest and just broke previous top
EUR/CAD Is currently testing a Major TL but the break of previous Resistance may favor the TL break
EUR/GBP made an inverted H&S, pair found support at previous top (red level)
EUR/NZD is currently testing the Major 23% fib (HH already made) after a retracement at previous Resistance that acted as support
EUR/USD A 23% Fib Retracement is usually made after a trend continuation
If the positive correlation keeps on playing, the rest EUR/ pairs may follow EUR/AUD and EUR/NZD
FF Post with more details
3/14/2011
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