Tuesday, June 14, 2011

Euro Update June 14 2011

It looks like the Euro is going down again short term.  I still think the odds are good for it to bounce back to the 1.4525/1.4555 area.  Here are a few charts for today.  I am going to post a fibo chart that I don't usually post because I have fibo time, retracement, expansion, & arc...........It probably is overwhelming if you don't study Fibonacci.........Anyway, I hope ya'll like it and it helps you see another useful set of indicators.  Also the daily volume has been very week for the move up which looks good for more strength down, and the stochastic is pointing down.  One last note on the Andrews Pitchfork,,,,,,,,,If it breaks through the downside then it should go lower faster......

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