EURUSD leaves 6-month sideways pattern
I have been following and profiting from this move since mid Nov. Has anyone notice the amazing similarities of mid Oct 2006 thru the present time, to Mid Oct 2004 to the same time (mid Dec) 2004. The most notable dates are 11/23/04 to 11/22/06, 11/26/04 to 11/24/06, 12/03/04 to 12/03/06, 12/10/04 to 12/15/06. Is this just a coincidence, because beginning 11/24/06 I began trading on this pattern and have made a lot and lost little. If this continues we should expect a long beginning very soon thru the end of the year. Have I just been lucky, or is this probable?
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The break of 1.2980 send the dollar significantly weaker across the board in the European session in a thin market with the US still celebrating Thanksgiving.
MAJOR HEADLINES – PREVIOUS SESSIO
USD/Majors
With no significant news out it was a day of taking out key levels. The 1.2979 high from May 2006 has been the key anticipated level to ... read full article