EURUSD Higher Highs and Higher Lows

Published March 10th, 2009 - 11:44 GMT
Al Bawaba
Al Bawaba

Since the EURUSD low on 3/4 at 1.2456, the pair has made higher highs and higher lows.  While this is the simplest of observations, it warns of a trend change.  Staying above 1.2550 keeps the series of higher lows, as well as bullish potential, intact.  1.33 is the minimum target.