Friday, November 18, 2011

11/18/11 -Pre Market Update

Pre Market Update

This may have been a gimme but the bounce is lining up correctly based on what was presented last night. Keep an eye out for a possible descending triangle too. If it is, it would be considered a continuation pattern here. 

 The EUR/USD looks like it may be set to break out of a falling wedge.

The dollar may be looking to fall out of a rising bearish wedge but as you can see I left room for one more bounce to the upper TL if the lower TL holds. 
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