EURUSD--Monday morning, November 10, 2008

Daily with HAS candles, 64 EMA and multi-period stochastics.


Two potential impulsive patterns. Notice how they relate to each other. A delta 1.618 target resistance at 1.2930 on the first, a minor resistance (1.272) at 1.2925 on the second. (And that resistance zone has initially shown some validity.
And both project a delta 2.618 in the neighborhood of 1.3060.