Technical Analysis for Crosses
The pair has succeeded in breaching the psychological levels of 140.00, opening the door up for potential downside actions during this week. The uptrend line of the medium term basis has been breached. Thus; the fifth wave of the suggested Elliott count might be in progress. SMA 50-colored in red...
http://www.actionforex.com/technical-analysis/daily-forex-technicals/technical-analysis-for-crosses-20100208106217/