Euro / Dollar Resistance at 1.4025
June 17, 2009 by admin · Leave a Comment
Staying below 1.4181 keeps the trend pointed down. The series of lower highs and lows since 1.4340 may be a series of 1st and 2nd waves. Under this scenario, the next decline will be a third of a third (powerful). It is also possible that the current decline is wave 4 of a diagonal from 1.2454 (alternate labels). A push above 1.3935 may be required in order to complete the small second wave from 1.3747. 1.4010/30 should provide resistance in such an event. Read more…
