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dalcindo

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dalcindo

Re: dalcindo post# 1837

Thursday, 12/17/2009 8:59:09 AM

Thursday, December 17, 2009 8:59:09 AM

Post# of 2145
Re: XEU:USD - Still: Watch for significant rally per daily chart.

Overnight, XEU:USD has reached a significant nadir BELOW 1.44 (Low: 1.4328).

As discussed before, dailu USD charts still favor a continued rally of the USD, HOWEVER, I do expect an interim XEU:USD rally in the 5-min, 15-min, and 60-min charts with the following 50% Fib targets:

5-min: 1.43736

15-min: 1.44597

60-min: 1.45505

Overall: LONG XEU:USD for the short term; SHORT XEU:USD for the mid-term - All IMHO.

- Dalcindo

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