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Post# of 72979
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dalcindo

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dalcindo

Re: 3xBuBu post# 56489

Thursday, 05/27/2010 10:57:10 AM

Thursday, May 27, 2010 10:57:10 AM

Post# of 72979
Agreed. You are right:

1 - Technically, ultimate bottom of bearish channel is still a bit away, allowing for more downside.

2 - Similarly, the XEU vs. USD relative strength chart indicates a channel not completely traveled by the line chart of this pair, further suggesting some downside.

- Dalcindo

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