Wednesday, June 17, 2009

EUR: Possibly attempt small longs at 1.3880; stop well below 1.3740

Hovering above the ‘neckline’ of a potential ‘head-and-shoulders’ formation in what we see as a process of trying to form a new interim low, probably somewhere between 1.3800 and 1.3600. This is expected to be a slow complex process ending an A, B, C-type correction which may take about two weeks

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