Forex4you Technical Analysis

namrata at 06h41
23
Feb
2011
Forex4you Technical Analysis

EUR/USD: technical analysis
The EUR/USD has rolled over and swiftly fallen to key support at the trendline from the 14th Feb lows. It may be there will be a correction from this level as it is also the 61.8% Fibonacci retracement of the previous rally. Counting the Elliot waves in the fall we are either still in 3 or perhaps have begun wave 4. This morning there was a bounce which could be a nascent wave 4, with a likely target of 1
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"Forex4you Technical Analysis"

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23/02/2011 at 06h41 by "namrata"