Friday, 16 July 2010

€$ ......and now for the retracement?










OK, we finally topped out just a tad under 1.3010( on my Ensign feed) and i now expect a retracement to the mauve CL that i have been banging on about for weeks and that we went through yesterday at around 1.2850...this would represent somewhere between a 23.6%fib RT & a 38.2% but there's no guarantee that we will not go further. All the stochastics i use are/were up till an hour or to ago topped right up in the 90s including the daily so price could come back even further maybe down to the 1.2700 area.

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