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EURUSD--Wednesday, December 23, 2009

Updating the pattern shown on the previous post, support seems to have kicked in for EURUSD around the 1.618 level of the impulsive move up. This corresponds with a 38.2% retracement of the impulsive wave up (i.e., from the beta low to the 2.618 delta target).
091223-1105-eurweek.gif

This support level seen in ever increasing detail.

A daily chart:
091223-1105-eurday.gif

A 4 hour chart:
091223-1105-eur4hr.gif


And a 1 hour chart:
091223-1105-Eur1hr.gif


Posted by Pure Guesswork on December 23, 2009 11:22 AM |

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