The bearish break this morning confirms that wave 3 (or c) within the 5 (or 3) wave bear cycle from 1.6018 is underway.
The initial bearish objective is at 1.5230 and risk can be moved to 1.5643. Near term resistance is at 1.5540.
Related ArticlesFXCM
|
advertisementEuro Technical OutlookThursday, 01 May 2008 14:59:28 GMT |