Monday, March 30, 2009

EUR/USD Rotation around 100 day MA

My humble observations tell me that wjen we have a flat long term MA like the 100 MA the price rotates the same length on the other side.

So from the high above 1.37 to the 100MA /1.31/ is appproximately 600 pips. Thus a break below gives a target around 1.25 for the EUR/USD based on the daily chart.

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