Thursday, 25 February 2010

Important long term Lower ML parallel approaches for Eur$ -UPDATE

This looks like a possible bottom as per the post on Tuesday 23 Feb 2010 & Wednesday 24Feb( yesterday)
The red LMLP and the blue centre line are the long term lines i was harping on about. Price rallied and hit the Fib inner line(brick red) and came back but has found support in a very choppy market.I suspect we will test the lows again and if we hold then we could have our bottom. Incidentally we are bang on the 61.8% Fib retracement starting from March 09 to the top in early Dec 09.

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