Wednesday, November 11, 2009

Euro ....not all that.

On this chart at least.

  Euro failed to make a new high after putting in 5 waves up.

Shorter term 1.50 looks like decent resistance as .618 retrace and a round number. On the downside putting in new lows and overlapping 1.4936 should bring the sellers back out, esp after NOT making a serious new    high.                                                                                                                                                              

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