11.02.2012

Is the bounce finished or will it target 1441?

Is the bounce an ABC and finished? Bears need to win 1405.95 to confirm.
In a more bullish scenario, Bulls may push prices up to 1441.00 - this level is a cluster of Fibonaccis and I expect it will be a firm resistance.


EUR/USD: The low 1.28827 has been taken away by bears. Next target may be 1.28400.


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