Thursday 28 October 2010

€$ retracement or something more?



We are at the Fib .618% RT level. A handful of reaction lines(see below) opposing further price rises and also a few median lines -but wow -that was a strong market today! We have a potential CL failure (mauve) but it's too early to say this is over but the daily chart looks encouraging re the downside but i would not want to be short the Euro yet, especially as we did not make a lower low at 1.3730 level.




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