Saturday, February 02, 2013

$EURUSD Outlook Update

EURUSD DAILY CHART - Price actions since last post really indicate long-term recovery for the Euro. The pair reach 90% projection level around 1.3700 but I think correction is very likely before another test toward 1.3800 area which will complete major AB=CD pattern and bring bigger correction. 

EURUSD 4-HOUR CHART - I am looking for correction pattern between 1.3500 and 1.3700 for the following weeks.

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