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TFC Commodity Trading Forum

March Euro/Breaking Out! *PIC*

SURPRISE SURPRISE! The March EURO is breaking out above its Sept high double top of 1.3188 . On the flip side DX historically does selloff throughout December and rallies sharply again throughout January into February so who knows how long this EURO rally will last. But a breakout is a breakout "as long as it can hold above". Price is presently bumping up against the Fib 61.8% retracement level of the Oct/11 to July/12 sellofff. All the breakout needs to confirm success is holding above the breakout point and even just consolidating there for awhile. Not always such an easy task to accomplish. Very impressive............... so far.......