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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
downside broke but strong support coming in around 74.50/74.60 level... expecting correction to 76.50 or possibly back up to 78 level.... clear break of 74.50 would see extension to 72.80/73 level....
still 4250 level intact.... much more 4282... :)
just incase we see move above 4282... have to see if there will be reaction around 4320/50 level...
continuation to the upside could see 4400/4420 level... expect correction back down from there to 4230/50 level at least or break below 4200 level would see 4020/50 level...
break below 4140 would see drop to 4020/50 and could see deeper correction if 4000 level broken...
in the bigger picture... i see Euro moving higher to 4500/4600 initially then testing 5000/5100 level afterwards....
ill start closer to 1.43, but dont see a top yet and not much faith....no catalyst
option number 2 tba..
current 4215
how be that?
or did we breech the closes north?
this is area of excellent entry south..if it be righteous..