Home arrow Forex Technical analysis arrow US Dollar Spike is a Trap
US Dollar Spike is a Trap PDF Print E-mail
The market threw a curveball yesterday. The EURUSD broke below 1.5461 but the larger bullish bias is still valid as long as price is above 1.5283. The decline from 1.5817 is relabeled as a W-X-Y (complex) correction. The minimum bullish objective is one pip above 1.5817. "Even if a larger...

Posted originally: Wed, 04 Jun 2008 09:10:16 +0100

Read Full Article
 
< Prev   Next >