2007-03-29

Current EUR / USD situation is little bit unknown, we believe EUR will go higher, but some analysators believe a (small) correction is due.

So lets first see 1 hour chart with Fibonachi levels.


61.8% level is broken. We believe whatever happen, the EUR will raise at least to about 1.3370

The 4 hours chart shows interesting pattern - a triangle (again...:)


Maybe I see triangles all the time?!?! :-)

However this time, I believe this time, this triangle, is better to be used only for calculating where EUR will go, and not nececery for speculating a bounce to 1.34+ something. So looking at the triangle, we may estimate 1.3359 (defenetly less 1.3360)

I personaly will wait the EUR to raise to 1.3345 - 1.3350, and will put stop loss there, then as usual, I will move (manualy) the stop higher.

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