"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, July 20, 2010

Euro - Alternate target

The expectation has been a 38% retrace of the entire decline to about the visual resistance in the 133 area. Here is an alternate view that has the Euro already topped out based on a 62% retrace of the most severe part of the decline. FWIW, because charts are useful... no matter what certain a-holes say.