You might have noticed, that I have had a bit of time going on "playing" with my charts lately. This is always a good thing to do, because you suddenly see somting new.
This chart of EUR/USD on a weekly basis is based on this playing around.
As can be seen the Fibonacci Fan have locked in the lates up/down moves very nicely and I will befollowing this as we get closer to the bottom.
Another interesting thing is channel I have drawn from the top in early 2005 and the bottom in late 2005 to the late bottom and top in 2008 almost exactly arresting the latest top in late 2009 too pointing towards a decline to the channel-support.
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