Friday, March 19, 2010

Forex Fridays

First, remember that we've been in an up (A), down/consolidation(B), up (C) pattern for some time. However,

A.) Is this now a rounding top pattern with the 200 day EMA as technical support?

B.) The shorter term trend (10 and 20 day EMA) is now down. In addition, the 10 day EMA is not below the 20 day EMA.