Forex Trading: EUR/$
Posted by Michael FX on Thu, 02/14/2008 - 6:46am in
Euro reaching its 38.2% retracement level (~1.4630). If it is paid convincingly above this price, we could see a target of 1.4700, as stochastics are still positively converged. Should it get offered around the retracement level, we could see it settle on its 8 & 13 EMAs around ~1.4575:

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