Market Scheming

Wednesday, November 2, 2011

EURUSD Short term Triangle - Technical Analysis - November 2, 2011 12:52 AM EST


I would not be surprised to see this triangle breakdown and make a run for short term lows.  No news is bullish for the EURO, the deal that was reached last week to save the Eurozone has been tossed out the window with the Greek Referendum called.  No one can expect a country that is being squeezed by an economic slowdown along withe riots and crippling strikes, will vote for more pain in the short run.

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