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proacttraders's Commentaries

Aug 27 2010

$EURUSD wedge

by proacttraders
Overall Rating: Average rating is: 0 stars.

We have consolidated inside a rising wedge which is bearish for the cross.  The wedge has taken out the  .500 fib retracement at 1.2756 but could take out the .618 at 1.2795 before making it's way down.  Targets at 1.2666 (S2) and the 1.2602 (S3).

EURUSD-NK2.jpg



Tags: eurusd | currency-market-updates | currencies
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