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Euro Short Term Bearish Pattern

Euro Short Term Bearish Pattern

2011-03-09 15:41:00
Jsaettele,
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60 Minute Bars

eliottWaves_eur-usd_body_eurusd.png, Euro Short Term Bearish Pattern

Prepared by Jamie Saettele

As focused on in recent days, a drop below 13743 or an intraday decline in impulsive fashion is needed in order to suggest that top is in place. The decline from yesterday’s high is in 5 waves therefore I favor the downside. 13742 is an initial support area.

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