Thursday, February 16, 2012

EURUSD reversal or close to reversal!!!

As we can see EURUSD reached the 50 % retracement target, but I think that there is a very good chance of reaching for 61.8 (1.29 area)before reversing higher. The minimum target would be 1.3420 with a chance of reaching 1.3615. Completion of wave B will be followed by a very sharp reversal to the downside targeting 1.18 (minimum target).

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