Friday, 18 November 2011

EURUSD resumption of trend or still correcting?

is the correction over?eurusd moved up to 50% retracement and fell sharply thereafter....however there is still no clear impulsive move completed. There is a low chance this is a B. I prefer the correction finished and the resumption of the downtrend restarted with targets lower than 1,3422.

Patience is a virtue

1 comment:

  1. 5 waves down from 1,3615 look impulsive and not good for euro over the coming days.