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Old 25-07-2008, 23:31   #198
sdotwewen
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Re: EURUSD long term analysis

Quote:
Originally Posted by Summerset
Eurodollar broke 6019 by making 6038 on intraday action there was no daily close at that level. - So would that count as a breakout ?

I am just curious as to what makes you think that the 5302 - 6019 range consolidation has completed? I agree that we will ultimately see 1.68 on breakout but why not more consolidation to buy at Much lower levels ?

I think you are right if 1.5611 support gives way.
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