Hi all, not a long time ago I asked you for help around the subject of the global financial crisis. However I didn’t find much response, so I had to take action in my own hands.
I read for a while and attended some free instructinal classes for technical analysis in FOREX. So I thought that I could analyse a chart myself. What I need from you is to do it too, so I can be sure that I’ve done it right.
I request this from you because I am attending a seminar on the 1st of June and I need to be prepared. The seminar is about the global financial crysis.
My part of it is about forex, so I am trying to proove that if people took a closer look at the market, the crisis might have been predicted.
So, the chart is monthly. What I ask is your analysis of the market if you had the information right TO the red vertical line. What I see in the chart is that it was going down. Am I right?
What I used to analyse the chart is “trend lines” “reversed head and shoulders” and support and resistance.
Do you see the head and shoulders too?
After you analyse I will what I already drew to show you what I think. The reason is that I don’t want you to get missleaded by my analysis.
I will be very happy if anyone answered and helped me!
P.S.: I chose the EUR/USD pair, because the crisis originated in the USA and the euro is the currency of a lot of countries, so it should be strong. But this is not relative to what I am asking of you 
THANKS!
P.S.: On the cart, you can see, how in only three months it drops as much as it was heading up for two years! That is the effect of the crisis!