Saturday, August 22, 2009

EUR/USD February 5, 2009

As of now the wave down looks more like a 3 wave correction, and right now it looks more like a wave 2. The support at 2782 is the 76.8% retrace of wave I. I am still keeping in consideration the break of the TL at 2710, and a wave Y at 1.2500.

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