EUR / USD: Three Black Crows Weekly again
Submitted by admin on Mon, 02/08/2010 - 23:26.
We can see that have been filed again three black crows weekly scale.
Short-term situation:
This pattern indicates a strong oversold as happened a few weeks ago at the height of 1.44. As we deem it necessary or an upward movement or lateral movement in the area of 1.37.
Trend Situation:
We consider it quite possible that prices reach the range of 1.25 / 1.35. But we think it is very possible that there continue to new lows before occurs a bounce of oversold . The second wave of fall of a series of three should not be the shortest.
