Thursday, March 17, 2011

Quick squizz ar EURUSD

Ultimately I am still looking at the price level of 1.44 as THE high to go for on EURUSD (note IG levels, so relative to spot/futures, not the same) BUT I do notice that potentially 5 waves completing in current uptrend which may see a bit of downside action occurring.. Stochastics are divergent and at this stage a bit early to say but MACD mavs are also, as are the histograms, so cautious to immediate upside.

;)

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