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Euro Resistance from 13740 to 13760

Euro Resistance from 13740 to 13760

2011-02-09 15:48:00
Jsaettele,
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60 Minute Bars

eliottWaves_eur-usd_body_eurusd.png, Euro Resistance from 13740 to 13760

Prepared by Jamie Saettele

The EURUSD has continued higher and focus is now on 13639-13758 (61.8% retracement and former resistance area). As mentioned yesterday – “once this small upward correction is complete, the EURUSD is expected to collapse in a powerful 3rd wave decline. It should be worth the wait.” 13860 is the key level for the bearish case.

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