I am not a big fan of 23.6 & 38.2 expect combined with
some support levels. In this case, 23.6 & 38.2 area have provided support before very well.
I am looking to build long positions at current levels, 38.2 & 50fibo levels..
Wednesday, September 26, 2012
EURUSD Descending Channel
Bull run since QE announcement is correcting in descending channel. Currently 23.6 fibo providing some support. If price moves down, 38.2 fibo & 50fibo is expected to provide good support to continue bull run.
I am not a big fan of 23.6 & 38.2 expect combined with
some support levels. In this case, 23.6 & 38.2 area have provided support before very well.
I am looking to build long positions at current levels, 38.2 & 50fibo levels..
I am not a big fan of 23.6 & 38.2 expect combined with
some support levels. In this case, 23.6 & 38.2 area have provided support before very well.
I am looking to build long positions at current levels, 38.2 & 50fibo levels..
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