EURUSD--Late Thursday Morning, Feburary 19, 2009
After the completion(?) of the down pattern at 1.2520, we have had a mini-impulsive move off a base formed in late Asian, early European trading. Two strong moves up in the impulsive pattern that followed the base--the first ending at the 4.236 fibonacci target, the last exhausting itself at the rather far flung 6.854 fibonacci target.
A 15 minute chart:
