Friday, November 11, 2011

Technicals - EUR/USD on Friday and Weekend

The ratio tore through every Fibonacci measure available since Ancient times.

But, the ratio completely bounced-off and fell below our top trend line as our technical traders have pointed out.

The ratio remains in the pipe.

We expect the ratio to remain in the pipe.

Of course, the 2nd coming of Christ may be evidenced this weekend... but if the ratio moves slightly out of the obvious pipe, it will enter a steeper downward pipe very soon.

That is how we make money at the present time.