Tuesday, May 3, 2011
Hourly Forex Trading Strategy #EUR - Disappointing Third Wave
The rally to marginal new highs with no follow through to the 1.4980 target leaves the chance that we have already finished the third wave rally. This would allow for more consolidation and a correction back to the 1.4730-60 range as the market sets a base for about a 410 points rally to challenge the 1.5140 medium term peak. Only a direct loss of the 1.4650 pivot point would threaten an early
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