Once again 1.40 looks to be the key, as the .618 retrace of the last move up. Taking out that support will increase the probability of that last leg being complete. Since the Euro's move up from last autumns lows looks corrective, we may well be seeing the beginnings of an impulse wave down.


Popular posts from this blog

WTI Update- a 4 Handle Future?

Biden Climate Plan and Global GDP

Gasoline a By-product of Distillate