Tuesday, October 12, 2010
EURUSD: Faces Corrective Weakness
Tuesday, October 12, 2010
EURUSD: Faces Corrective WeaknessEURUSD: The pair is on its second day of corrective weakness and may be heading towards the 1.3636 level, its Oct 05’10 high. Despite its current price weakness, EUR still retains its overall medium term uptrend triggered from the 1.1875 level. A violation of the 1.3636 level will call for a decline towards its .50. Fib Ret (1.5143-1.1875 decline) at 1.3500
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