After some very confusing moves lately, it finally seems like we are headed higher to finish the last leg of the ending diagonal. We have clearly broken above the minor resistance line from 145.36 and only need a break above 144.85 to confirm a new test higher towards 145.36 again. If 145.36 is broken to we should see a move higher towards at least 146.95, but I still would like a new high above 149.39 to finish the final leg of the ending diagonal.Sunday, August 7, 2011
EUR/USD - Finally headed higher
After some very confusing moves lately, it finally seems like we are headed higher to finish the last leg of the ending diagonal. We have clearly broken above the minor resistance line from 145.36 and only need a break above 144.85 to confirm a new test higher towards 145.36 again. If 145.36 is broken to we should see a move higher towards at least 146.95, but I still would like a new high above 149.39 to finish the final leg of the ending diagonal.
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