Monday, May 23, 2011

Euro hourly percentage bands

Here is the hourly EUR_USD current percentage band chart.  It has broken the bottom band and that is usually a sign of a reversal.  Also at the current time this last move down is in 3 waves. This should be the start of the c wave of wave 2.  After this move up then we should have a very strong move down.  The move up should approach the 1.4400 area...........

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