Tuesday, May 22, 2012

EUR = Bearish UUP = Bullish

UUP
  • UUP looking bullish
    • Break below 22 would be bearish
    • 50 DMA is major support

EUR
  • Euro is stuck in bearish fork
    • Break above 1.30 would be bullish
    • Break below 1.24 could send us back to 1.20 range