Dukascopy. Swiss ECN forex company offers best spreads, marketplace and highest liquidity for on-line forex trading.

Monday, July 16, 2007

Short-term top and temporary downward correction

EURUSD (Intraday)
Posted On: Jul 16 2007 4:41PM ET
Last Price: 1.3785
















EU look possible to move around retracement area. 1.3814 is the top of wave (III) and formation of a short-term top and temporary downward correction continue to be expected. Look for a break under 1.3763 to provide better evidence that a correction is underway (initially toward 1.3700-1.3676), while the 1.3812 resistance level remains in place.

trade idea.
Wait for a sell signal from my chaos trading setup.

Al yaqen's
yaqen.canteen@gmail.com

No comments: