Alan Posner's  Instablog

Alan Posner
Send Message
Sea Lion Capital Management LLC provides Investment Advisory Services. Founder and Chief Market Strategist Alan Posner presents his analysis of markets here throughout the week. Sea Lion Capital Management specializes in stock market technical analysis, commodities technical analysis, and forex... More
My company:
Sea Lion Capital Management LLC
My blog:
  • EUR/USD Tests Support 0 comments
    Mar 5, 2012 10:30 AM

    EUR/USD has been selling off over the last few sessions but not enough to make a sell signal on the Sea Lion Indicator. Instead it is just a dip in the short term uptrend which with this mornings trend line remains intact. In the bigger picture the EUR/USD continues to decline against the dollar. Since we look for longer trends the question is: Has the Euro finished its counter trend move of is there still more upside left? The Andrews Pitchfork leads me to believe there is some more rallying before resistance is met. See the charts.


    EUR/USD tests support
Back To Alan Posner's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.