Monday, July 9, 2012

SO YOU THINK THE EURO IS DOOMED DO YA???

I am not too sure. Have a look at these reversal patterns on EURO crosses. We are engulfing right on relevant Fibonacci levels. R and R is looking good (Risk / Reward). Will post the targets if triggers are hit. Good luck.

EURAUD - Bullish Engulfing Pattern @ 261.8%. We might get a reverse Head and Shoulders off the intraday chart. 12060-40 would be a prime Buy zone.

 

EURNZD - Same scenario.....different levels. Buy zone 1.5450-20

Posted by FXLTR at 2:57 PM
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