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Forex4you Technical Analysis 19 May 2011

Discussion in 'Technical Analysis' started by forex4you, May 19, 2011.

  1. forex4you

    forex4you New Member

    Jul 13, 2010
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    EUR/USD: technical analysis
    The EUR/JPY is in a strong counter-trend rally which will probably continue. It has broken above the neckline of an inverted H&S at 116.50 and may well go much higher, with 119.50 s a target calculated from the pattern's length. The point and figure charts yield closer targets of 117.40 on the 0.05x3 and 118.00 on the 0.1x3 for a more conservative play.


    Forex | 外匯
    Analysis by: Joaquin Monfort
    Forex4you analyst

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