Euro Dollr Monthy & Weekly Forex Strategy Aug 2010

August 23, 2010 by  
Filed under Forex Trading Strategies

The Euro has now retraced to the point of the Elliott 5th wave extension in the 1.3100-1.3265 area. Typically this area should be doubly retraced and leaves the market at risk in the short term. Only over 1.3265 sustains and accelerates the recovery to 1.3950.

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