flat EURUSD

On March 9, 2010, in Forex, by Forex News

A larger EURUSD rally, probably a 4th wave, may be underway towards 13870-14030. 4th waves are often choppy, usually flats or triangles. An impulsive rally from 13433 and corrective decline from 13738 may be nearing completion. Watch 13500 for support. Still, I am uncomfortable with long positions at this point as equities are testing key resistance levels.

 

Comments are closed.