Πέμπτη 19 Μαΐου 2011

After bouncing from support EURUSD heads higher

It seems that 5 waves down are finished with the 5th wave being some kind of ending diagonal... since then price constructed a round bottom and is now heading higher towards the two targets mentioned in the picture... There is a small possibility of price revisiting the 14050 lows in an attempt of forming a flat correction, but nomatter what we should probably see first 14500 printing before any attempt of breaking 14000...


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