EURUSD--Monday, April 20, 2009
A few quick charts showing a convergence of Fibonacci targets around the low of this morning. (Targets converge around the 1.2945 area.)
From the eight hour charts, it can be seen that, if the level around 1.2945 does not hold, the next area of support would be around 1.2725.
On the 1 hour chart--showing the impulsive move down from an alpha-beta base--the next (4.236) target would be slightly above that.
