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Wednesday, July 11, 2007

Retracement among the bullish.

EURUSD (Intraday)
Posted On:
Jul 11 2007 7:58Am
Last Price: 1.3751























Good morning everyone, Eu looking for retracement for wave iv but trend remains up as a five wave rally sequence from 1.3569 continues to unravel.

Near term from seemingly not all that much if any above this 1.3783 new high on day fully allow for price to correct lower in three waves towards 1.3702. A subsequent rise to another new high will then complete the larger degree five wave advance from 1.3569.

Today's Pivot Points:
R3 = 1.4039
R2 = 1.3913
R1 = 1.3842
PP = 1.3716
S1 = 1.3645
S2 = 1.3519
S3 = 1.3448

trade idea's
sell for a small tp :D peace

Al yaqen's
yaqen.canteen@gmail.com

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