Translate

Thursday, March 10, 2011

EUR/USD - Testing support

On the daily chart (see the above) we are currently testing strong support. Ideally this support will hold, but if it break we will see support just below near 137.45. Only demand I have is that we under no circumstances break below 137.31 as that would give us overlap between the possible wave 1 and 4, which is not allowed under the EWP.

The only thing there is to say is that the EUR/USD picture currently is a mess, which makes it more likely than not, that we are in a correction of some kind.




No comments:

Post a Comment