- Being in a position of weakness, I don‘t have the guts to short this directly.
- Monthly : Parabolic rise about to pause?
- Weekly : Evening Star most likely to be crystallized by tonight's NY close.
- Daily : Bear flag. Flag pole is $110 in length. Could thus be setting up for a large decline.
- Trigger = further USD strength?
- Check out the EUR/USD daily chart. Same thing. Bear flag.
- Not unexpected, given the high correlation.
- Addendum 11Dec09 10:33 pm : Added to short EUR/USD at 1.4705 and 1.4666.
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