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Author Topic: Eur/Usd Down-Trend Channel  (Read 4453 times)
pranjali
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« on: March 16, 2010, 11:00:20 am »
Eur/Usd Down-Trend Channel
         

The drop from the 1.4578 blue wave (2) top is impulsive in nature, shown as a powerful decline in a blue wave (3) that found a base at 1.3434. Since then the pair looks to be forming a corrective structure in a blue wave (4), which suggests a down-trend continuation...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/eur%10usd-down%11trend-channel-20100316108974/
         
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