Wednesday 14 September 2011

EURUSD.....'Look, No Hands'!

Sorry- what i meant to say was no median lines ..or at least none that have played a part in the price action showed here from today and yesterday except the aqua blue line that has resisted at 1.3734. Here is a classic example of a rising reaction line channel. Each reaction line belongs to a seperate fork in a 4hr and daily time frame.
Where is price going? A test of 1.38 where my 1972 Fork lies which needs a retouch and represents a .50 Fib RT.

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