Tuesday, March 28, 2006

US Dollar/ Euro


Here is an hourly chart of the cash US Dollar / Euro pair.

As you can see the market has rallied a little past 120.80 resistance in a clear three phase move. I think that the next swing will be downward to 118.90 and will be the third and final phase of the drop from 122.07. The I am expecting the market to rally to 125.00.

No comments: