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Paul Koszarny · 09-04-2003, 06:05

It's been a different quality in the market for the last 10 hours. EUR/USD retraced 50% of the last fall but despite extremely overbought indicators on hourlies shows no slowing at all. The last Fibonacci retracement slightly above 1.0800 could be the next target. The nearest model hour is 13:00 with support 1.0750 and resistance 1.0807.

09-04-2003, 06:05	#7 (permalink)
Paul Koszarny Super Moderator Join Date: Nov 2002 Posts: 322 Rep Power: 0	Quality change in EUR/USD It's been a different quality in the market for the last 10 hours. EUR/USD retraced 50% of the last fall but despite extremely overbought indicators on hourlies shows no slowing at all. The last Fibonacci retracement slightly above 1.0800 could be the next target. The nearest model hour is 13:00 with support 1.0750 and resistance 1.0807.