Thursday, August 27, 2009

eurusd 4h update june 5, 2009

Here is the updated chart from yesterday's short projection.
1.3905 is the 161.8% extension from wave i, and also the lower trendline of the tradechannel.
Breaking the channel would mean a bearish signal, however we need to break 1.3300 to call it a trend reversal.

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