Tuesday, June 29, 2010
Mid/longer term EUR/GBP
Even if it's maybe longer term chart, i find it nice and harmonic, some reasons possibly to slow down with the downtrend or even reversal:
1. Ideal Gartley pattern on weekly
2. Weekly 50% fib, daily 78.6 Fib
3. Ideal abcd inside 61.8->1.618
4. Strong resistance (now support) area between 0.78-0.81
5. Daily bullish butterfly 1.27 ext. with abcd in the CD leg
6. If nothing from above work we have a nice down target to 161.8 extension of the daily butterfly to 0.77 area
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