Since Janauary 18th, 2008 when the pair broke high above the ranging price that persisted as far back as 2004; It has continued to advance north of the chart against the Great Britain pounce. After a wave 2 leg completion, we should expect prices to the technical support of 0.8424 and beyond.
An intermediate wave a leg with a price tag of 0.8424 bearish is imminent followed by a 50% fibonacci expansion retracement to 0.8457 before it pattern can be alot better predicted. we expect market prices to continue south-east of the chart to 0.8391.
NOTE: Price
predictions produced by FibonacciPrice&PatternTrader may be
affected by unforseen events like hurricane, earth quake, flood and
other natural disasters consequently changing price patterns already
predicted. Hence we advice strict adherence to money management
techniques.
HAPPY TRADING
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