Tuesday, May 8, 2012

Struggling (2012-05-08 EUR analysis)
















Above is the 4-Hour chart of EUR. After the gap down last week, it is now gradually rising and has reached the gap. This gap will be a resistant to it, especially the upper bound which is also one of the Fibonacci levels. We can expect the 17-nation currency to struggle a bit at current level.

No comments:

Post a Comment