Is Sterling Euro a leading indicator?
09 December 2011
TECHNICALS:
WEEKLY CHART
The market has broken the long-standing diagonal trendline support from 2007….
DAILY CHART
But more telling still, the day chart suggests that the market is on the point of breaking down through the succession of Prior Low Pivots around 0.8526 - a clear break and close beneath that level - will surely lead to follow-through selling and anticipate similar Euro weakness in the Dollar Euro?
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