24/11/2012

EURO closes week below last R point. WAVES

EURO 2 hr now. The euro's uptrend that started Nov 13 with the first wave up, then the second wave down the third wave up and the fourth wave down. From there a very strong fifth wave started which penetrated my R line and closed below. The 8 and 21 MA's are strongly up making a turnaround on downside sudden not likely. I expect a new test of R point and eventually the top.

No comments:

Post a Comment