Archive for December, 2009
Friday 4 December 2009 @ 3:59 am
Forex Trade Alert For EUR/USD
5th Wave Up EUR/USD As of Dec-04-2009.
The euro broke through resistance at $1.50 before retracing to test the new support level. Respect would offer a short-term target of $1.53. Momentum holding above zero confirms a strong up-trend; the bearish divergence so far indicates consolidation, but reversal below zero (while unlikely) would signal a correction. Expect a test of $1.60 in the medium to long-term.
4xGenie Action: ==> Remain out of this market! Today’s candlestick appears
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Forex Trade Alert for EUR/USD
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