Wednesday, 23 November 2011

EURUSD will soon show the way......

Eurusd again bounced at the red line resistance. 1,3422 is support....the whole formation makes me feel that it is more possible to break down. If broken upwards then the decline from 1,42 WILL look corrective due to the overlaping waves(1,38 must break). If the decline is impulsive then it will accelerate into a couple of third waves. 


  1. Eurusd has broken a reaction to the inability to sell 35% of german bonds offered today at auctions. Next support 1,3140.

  2. eurusd has taken a knock after breaking 1.3422 and looks like it is going further down. Bulls are in the ropes and take a beating...european indices are not reacting well...