similar to eurusd... short resistance at 1.9661, consider obstacles at 1.9340 (used and abused support) or 1.9151 50% fib retrace... kind of a confluence there that has been tested (probably too many times) before, so a break down to the 61.8% area could be a likely target to consider buying into a possibly developing downward channel...
- #2,314
- Aug 6, 2008 12:42am Aug 6, 2008 12:42am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place