AdaptiveForexTrading

Will History Repeat Itself?

FX:EURUSD   Euro / U.S. Dollar
426 6 2
In June 2010 the Euro             made a bull run close to 1460 pips. We are currently running near a 1122 pip gain. The weekly chart suggest we still have room for a continued run before a retracement. If we are indeed at the current top of the bull run then the retracement would be at the same point (50%) as it was in 2010. What are your thoughts?
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Agreed.
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if I see from your chart, if the history is repeating now, the price will go back exactly at the previous retracement at 1.2604, I also see a possible reversal at this point and my target is at the previous high around 1.2744-1.2750 .
snapshot
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That is a good target on the daily chart.
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Looks like it could be forming a Very Big W Bottom on the Weekly as well
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History Does Repeat itself - Feast Your Eyes! 4 Videos - One Follows The Next Automatically - http://bit.ly/U63GPs
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