The US Dollar Index is probing the 50% retracement of the false-break correction and the key 20-day SMA. This is potentially viewed as wave B within an A-B-C correction that targets the previous impulse's fourth wave base near the 83 handle. Typically wave B retraces 61.8% before beginning the symmetrical C wave. A sustained clearance of the 87.05 will negate and re-open the key fibonacci retracement level (78.6% of 2005 high - 2008 low) near 88.00.
Strategy Summary: BUY EUR/USD AT 1.2607 FOR 1.3285 1st TARGET, STOP AT 1.2552
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