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Contracting Euro-Zone GDP Disputes Bullish Euro Technical Outlook

Discussion in 'Technical Analysis' started by ActionForex.com, Feb 13, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The EURUSD is pressuring 1.28…if 1.27 breaks, then I'll have to reassess near term potential. Until that happens, risk is to the upside. 'The decline from 1.47 is in 5 waves. This does strongly argue that the larger trend is still down but a corrective rally is expected prior to...

    complete article here...

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