Current Price: 1.3643
Intermediate Target : 1.3600 – 13550 (Ranging).
Technical : big-boys seems want to take it down.
Fundamental : the world's financial markets could stabilize a bit after yesterday's spike low and another round of panic selling would probably be delayed after the rumors of coordinated rate cuts becomes news. Technically speaking, we'd expect Dow to plunge further to below 9000 level after the current recovery and thus, another round of yen, and to a lesser extent dollar, buying is still expected after the current consolidation.
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Here you will find our EURUSD analysis using Elliot Wave Principle and some indicators-to optimize any open position-Stochastic Oscillator, ADX and MACD. Content in this blog is for informational purposes and an analytical tool only and not intended to replace individual research.
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