Update, now with correct chart.
Will 1.2900 hold for the eurodollar?
Looking at the divergenge on the RSI and the crossing of the MACD it is possible.
If it holds I would look for the price to go to 1.3080.
Longer term we are still in a downtrend to as much as 1.2400. On a break of 1.2900, 1.27 comes into play then a pullback and further downward motion to said 1.2400 level.
No comments:
Post a Comment