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04-25-2008, 03:30 AM

HenryFXI

Instructor

Join Date: Nov 2007

Posts: 154

eur/usd

Temporary downmove in eur/usd is confirmed by the price when it is penetrated the support trendline and also close below the previous low @ 1.5711

Our minimal target for this one is 38.2 Fib level @ 1.5365 from bottom of wave 1 @ 1.4310 to the high of wave 5 @ 1.6019

Could seen a bit of retrace first in the lower timeframe before continuing it's move downward...

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