Commentary: Price is still within the rising channel. from daily chart the price is quite near the 161.8% Fibo-e, possible correction. I would be sell bias but I would take note of the support level, marked blue. I'm inclined to a correction to around 50% of the Fibo-r (similar to the last run) .
Saturday, October 24, 2009
Live Analysis EURUSD 2009-10-26 to 2009-10-30
Monday: Trading plan - Sell bias on EURUSD
Commentary: Price is still within the rising channel. from daily chart the price is quite near the 161.8% Fibo-e, possible correction. I would be sell bias but I would take note of the support level, marked blue. I'm inclined to a correction to around 50% of the Fibo-r (similar to the last run) .
Commentary: Price is still within the rising channel. from daily chart the price is quite near the 161.8% Fibo-e, possible correction. I would be sell bias but I would take note of the support level, marked blue. I'm inclined to a correction to around 50% of the Fibo-r (similar to the last run) .
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