Good Luck Trading! You Will Need It: EURUSD Chart Confims ‘Insane YoYo’ Formation

The EURUSD has officially confirmed the much dreaded “Insane YoYo” formation.

As a reminder the last time we had a dreaded chart spotting (The Hindenburg Omen from August 12, 2010), the Fed was forced to launch QE2 two weeks later.

On a more serious note, the imminent announcement of a favorable Troica report on Greece will likely send the pair up 100 pips.

Submitted by Tyler Durden on 06/03/2011 09:16 -0400

Source: ZeroHedge

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