TA: The EUR/USD is flirting with danger

Date: Tuesday 29 May 2012

On the weekly chart, we can see how the euro/dollar is forming a potential "head and shoulders" formation.

For this pattern to be confirmed, we first need a strong weekly close below 1.25. As such, we must monitor where this week’s candlestick will close.

A...

« Go back to news channel

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE