Monday, June 14, 2010

EURO Channel Grandeur

Was browsing through the charts and EUR - /6E channel caught my attention.  Euro was in non stoppable decline for almost 6 months now and nothing goes on forever. Looking at the way it tested lower PRS 133 line multiple time during last few weeks and upcoming Fibonacci Time Series 144 off November 2009 high I would be very tempted to say that some directional change is coming. Meanwhile – I am watching just like everyone else.


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