Euro To Dollar Weekly Chart - 16th March 2009

Euro To Dollar Weekly Chart - 16th March 2009

As it is the start of a new week let’s begin by looking at the weekly chart for the euro vs dollar and last week’s wide spread up bar gives us an excellent trading signal for this week and I would suggest you buy now into the rising market.   The reason for the bullish move is that last week’s candle confirmed the evening star of the week before giving us a classic three bar reversal which has been confirmed in this morning’s price action.

The short term outlook is now bullish with the medium to long term sideways.

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