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insulinSpike
Feb 6, 2013 9:35 AM

EUR/USD equal leg from 1.3710 rally Short

Euro Fx/U.S. DollarFXCM

Description

Recent price down looks corrective, will buy at 1.3350 to the upside target at 1.38 - 1.44 (measured HS pattern)

Anyway I think the bull needs a break. Usually after three-five strong months rally, the 50 moving average will act like magnet pulling down the price.

RSI on daily chart has come below 70, maybe it'll find support at 60-50 then continue running.
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