Subscribe to NFTRH for actionable technical analysis, market ratio analysis, sentiment analysis, macro fundamental awareness... and whatever else is required to stay on the right side of the markets
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.