Friday 16 July 2010

€$ ......and now for the retracement?










OK, we finally topped out just a tad under 1.3010( on my Ensign feed) and i now expect a retracement to the mauve CL that i have been banging on about for weeks and that we went through yesterday at around 1.2850...this would represent somewhere between a 23.6%fib RT & a 38.2% but there's no guarantee that we will not go further. All the stochastics i use are/were up till an hour or to ago topped right up in the 90s including the daily so price could come back even further maybe down to the 1.2700 area.

No comments:

Post a Comment