Wednesday, May 18, 2011

Euro Working Back Towards 14500

60 Minute Bars

TopHeadline_2_body_eurusd.png, Euro Working Back Towards 14500

Prepared by Jamie Saettele, CMT

The EURUSD decline from above 14900 is either wave A or 1 of a larger bear move. As such, lower prices are expected next month but probably not before a wave B (or 2nd) wave rally back to 14500-14600 (50%-61.8% Fibonacci levels). 14520 serves as highs from 4/12 through 4/14 and the 4/26 low is at 14493.


Source
http://www.dailyfx.com

2 التعليقات:

Steave Lock said...

Excuse me but could you clarify for which day this analysis about?
www.fibogroup.com
Thanks

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