Tuesday, January 18, 2011

EUR/USD Technical Analysis | 18 January 2011

EUR/USD Technical Analysis | 18 January 2011

Yesterday the euro-dollar pair pulled back in what was probably an Elliot wave 4 and then began rallying overnight, reaching higher in a wave 5 as anticipated.

t should reach the recent highs at 1.3450 and probably surpass them, with an eventual possible target of perhaps 1.3475, although initially I would expect it to match the highs. Read more