Eur/Usd............
Quote:
Time/Price has advanced North to current Alltime High at 1.2976
...the ECB's rationale for allowing the Euro to appreciate is strictly based on Oil's inflationary effects in the EU... for which a containment at $50<>$52bbl would make the Voices in Euroland begin to sound as ECB President Trichet echoed last week on "excess volitility" from the G7 Communique' earlier this year.
Looking for a North containment at the 618Fib at 1.2991<>1.30 for a South Reversal decline thru 1.29 to 1.2850 basis.
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Time/Price has established a new Alltime High at 1.2985...with a South Reversal decline currently at 1.2889. Looking for a North containment inside the NT50 TimePhib at 1.2935 for a South continuance to the 382/50Fib at 1.2850 1.2807 basis.
North breaks of 1.2950 Target a run at the Highs onto the 1.3075 level.