Warning – do not attempt to trade at the euro dollar at the moment. There is a strong pennant formation across most all time frames, particularly the 10 min, 15 min, 30 min, hour, two hour charts. This is potentially signalling a dramatic breakout so be careful and I would suggest you wait until the breakout has occurred with positive direction before intra day trading.
About Anna 1036 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.