European Forex Technicals: GBP/USD Bulls Target 1.5225
28 Jun 2010, 08:20
By Francis Bray
A DOW JONES NEWSWIRES COLUMN
http://cdn.forexfactory.com/images/attach/pdf.gif
2010-06-28_European Forex Technicals.pdf (8.9 KB)
Intraday :
EUR/USD :
Friday's strength keeps the rally off 1.2209 alive, and is set to recapture the 1.2400 level to open the wave equality target at 1.2433. However, last week's bearish hanging man candle suggests the recent 1.2490 reaction high is likely to remain intact. Failure to meet the 1.2433 upside target would concern bulls, but only a break below the 1.2254 low would put near-term bears back in control.
Weekly chart EUR/USD trend: Bullish.
Das langt erst mal für hier - viel Vergnügen noch beim Quirlen
28 Jun 2010, 08:20
By Francis Bray
A DOW JONES NEWSWIRES COLUMN
http://cdn.forexfactory.com/images/attach/pdf.gif
2010-06-28_European Forex Technicals.pdf (8.9 KB)
Intraday :
EUR/USD :
Friday's strength keeps the rally off 1.2209 alive, and is set to recapture the 1.2400 level to open the wave equality target at 1.2433. However, last week's bearish hanging man candle suggests the recent 1.2490 reaction high is likely to remain intact. Failure to meet the 1.2433 upside target would concern bulls, but only a break below the 1.2254 low would put near-term bears back in control.
Weekly chart EUR/USD trend: Bullish.
Das langt erst mal für hier - viel Vergnügen noch beim Quirlen
Attached File(s)
2010-06-28_European Forex Technicals.pdf
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