 | |  | | Outlook of monthly chart underlines this pair still under a bullish market for long term.
Wave analysis suggests that current falling started from 0.9849 is likely to form wave ( B ) or wave (II) of supercycle {Wave ( I ) or wave ( A ) ended at 0.9849, five wave structure}.
Short term, price upside moving from 0.6006 could end by 0.7063 (likely nearby 0.6900 level), then falling again toward 0.5750 -- 0.5950 territory. After this falling, it's expected a upside moving either correction or resuming rally.
If upside moving from 0.6006 exceeds 0.7063, it could be a signal that 0.6006 is likely the end of falling from 0.9849, at least the first stage of the correction.
[ 本帖最后由 sharkeater 于 2008-11-3 20:59 编辑 ] |  |  |  |  |
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