idejan's Market Direction Analysis

KNOW WHAT OTHERS DON'T

Welcome to my Market Directions ramblings.
I mainly focus on Major Forex pairs.
The idea is to grasp Intermediate to Longer term market moves.
I use different aspects of Technical Analysis and I take into consideration economic news data, but just in conjunction with my technical analysis.
Comments and criticism are welcome as long as they are constructive and will help both readers and me to improve our understanding of markets moves.

Monday, July 10, 2006

EURUSD update

On the chart is the update of the previously published chart.
It shows a possible Running Flat (wave [b]), and if the recent fall wave (c) continues lower of (a) it will be an Extended Flat. Of course break below 1.2478 will confirm C down... On the other side, break above 1.2980 will invalidate this scenario.
Best to all
ID

idejan's Market Direction Analysis

Monday, July 10, 2006

EURUSD update

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