For several weeks as EUR/USD has fallen, we have tried to make an effort to continually express the view that the move down is part of a ‘correction’ in the long term uptrend rather than a trend itself. One chart we have remained focused on is our favourite EUR/USD overlay which regular readers should know well by now. There are now additional technical developments both on our favourite overlay and other charts which suggest that a low may have been posted on EURUSD and it may be time for the long term uptrend to resume…
Source: FT ALPHAVILLE
Tue, 08:27 09-02-2010