Wednesday, March 3, 2010

A Different EUR/USD ED Count

 
Here is another possible EUR/USD Ending Diagonal count. For this count to remain valid price should not exceed 1.3690. Price falling beneath 1.36 will be a very bearish indicator in the short term and I will be taking a short position if this occurs, however if price pushes above 1.37 it is likely the ED is complete and we should wait for a pullback to get long against the low at 1.3440. 

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