Support line is at 1.4770 coming much below there would begin to put in doubt the bullish outlook, if so, still a risky game unless support line will reach and be stable for a while.
source: http://www.forexcult.com
Saturday, February 28, 2009
Euro Profitability chance against 1.4672
As long as price is above 1.4672 (ideally, price remains above 1.4744), we still suggest bullish and expecting even a minor rally to at least 1.4980 if you don't count the Fibonacci zone, which does not begin until 1.5168.
Support line is at 1.4770 coming much below there would begin to put in doubt the bullish outlook, if so, still a risky game unless support line will reach and be stable for a while.
Support line is at 1.4770 coming much below there would begin to put in doubt the bullish outlook, if so, still a risky game unless support line will reach and be stable for a while.
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