CG Top Poster Club
- Dec 11, 2012
- Reaction score
Today's Support and Resistance levels:
Current Spot: 133.27
This pair is working its way higher towards the perfect target at 134.48 after we have begun the thrust out of the triangle consolidation.
We will likely see a minor top at 134.14 for a correction towards 133.81, just follow the next rally higher to the ideal target at 134.48.
Once at 134.48 we should expect a new correction towards 132.72 before the next impulsive rally higher towards 138.62.
As we are in an impulsive wave higher, we should expect, that corrections will tend to be relatively small.
Stay long in EUR from 130.75 and move your stop higher to 132.30.
If you are not long in EUR yet, then buy near 132.72 with the same stop at 132.30.