Could this pattern cause the Euro to catch fire?

CLICK ON CHART TO ENLARGE

The Euro is breaking above a 2-year falling resistance line and breaking above a bullish ascending triangle in the chart above.  This year the news coming from Europe became very negative, did the Euro get oversold? 

Often times a rally in the Euro was a positive message for the stock market. Different this time? Listen to the message from the Currencies or the media and all the hype surrounding the Cliff?

 

-

Be Sociable, Share!

Comments are closed.