Tuesday, 17 April 2012

EURUSD..There's a new fork in town..

What we could do in early NY session with EurUsd looks very likely now...a break of 1.31 the figure will see the previous low at 1.3090 threatened and if we make a LL then this fork is in play and we are looking at 1.30. If we hold here above 1.3100 then we may test the same UMLP of this fork and try for a HH above 1.3170
We have seen an almost 100% retracement of the 50 basis pt sharp move earlier on and now all eyes are on the support at 1.3115-1.3118

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