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EUR/USD Breaks Below Flag Pattern Ahead of the FOMC Meeting
Stocks, Unit trusts, Wealth Management and Forex markets
13-03-2012, 08:52 PM
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The one
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Join Date: May 2000
Location: UK
Posts: 98,178
Potenza rep: 10
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EUR/USD Breaks Below Flag Pattern Ahead of the FOMC Meeting
The rally in the EUR/USD from 1.3075 stalled just under 1.32, after a 50% retracement to about 1.3185, as seen in the 1H chart. In the previous update, we mentioned 1.3150-1.3160 as a key resistance, after which 1.32 was another threshold before the bullish mode takes over. As EUR/USD stayed 
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