The Euro has landed right in the tight range that we had been targetting. Yet the Euro has failed to lift strongly so keep an eye on the unfolding structure. It could be consolidating for another drive downward. Only a secondary higher low would have us buying this and then again initially it would have to have a tight stop.
Technical Analysis for the Serious Market Technican!
Contributors to FXStreet.com
Tuesday, May 17, 2011
Eur/Usd
The Euro has landed right in the tight range that we had been targetting. Yet the Euro has failed to lift strongly so keep an eye on the unfolding structure. It could be consolidating for another drive downward. Only a secondary higher low would have us buying this and then again initially it would have to have a tight stop.
