3/14/2011

EURO May continue its Bullish rally in the following pairs

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

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