Thu 28 Aug 2008
EUR/USD: (1.4800) Drop from 1.6040 has approached 2nd target of daily Double Top off 1.5285
Posted by under 1Technical Market View wrote an interesting post today on
Here’s a quick excerpt
Drop from 1.6040 has approached 2nd target of daily Double Top off 1.5285 (1.4530), with rebound testing daily Medium Term Moving Average? (1.4782 today): 1st Support area at 1.4726 (break-up hourly), with next levels at 1.4665/ .4648 (yesterday low/ break-up hourly), ahead of 1.4610 (daily envelope bottom): tough on 1st attempts.Resistance at 1.4807 (current week high?), with next levels at 1.4843/ .4858 (weekly envelope top/ daily projection band top): tough on 1st attempts. Needs sustained
Read the rest of this great post here
Leave a Reply
You must be logged in to post a comment.