Friday, November 6, 2009

EUR/USD Hourly Chart


Looking good for US Dollar bulls. The Euro had bounced off the 61.8% Fibonacci and looks to have completed and A-B-C irregular flat correction. Now would be a good time to short with a stop loss above the recent highs at 1.5065. 3rd waves are normally the fastest and the strongest waves, so expect a sharp drop once 1.4620 is broken. 

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