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Euro Remains Well Bid

Euro Remains Well Bid

2011-03-07 15:30:00
Jsaettele,
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480 Minute Bars

eliottWaves_eur-usd_body_eurusd.png, Euro Remains Well Bid

Prepared by Jamie Saettele

I wrote yesterday Friday that “it is best to wait until next week since there is no indication that a top is in place. 14036 is a Fibonacci extension and a level to watch for resistance early next week.” That exact level was reached this morning but there is no sign that a top is in place. A drop below 13743 or an intraday decline in impulsive fashion is needed in order to suggest that top is in place. 14100 is also potential resistance.

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