Monday, August 24, 2009

EURUSD update March 5, 2009 1hr chart

Here is my take. Now remember that B waves are crazy waves, they can go whereever they want to, even a new low, as long as the correction is in 3 waves. My experience the 78.6% fibo usually holds well and it rarely drops below the start of wave A, but this is no guarantee that it will be so in this case. Caution is advised.

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