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Old 05-29-2009, 10:10 AM   #1 (permalink)
AndrewWoo's Avatar
 
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Join Date: Apr 2009
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Arrow EUR - For any number freaks out there

PREVIOUS EURUSD rally
Impulsive up move in EURUSD began off the 1.2457 level on 04 March
The peak of that move was 1.3739 on 19th March after which we saw a corrective move lower.
The length of that rally was 1,282 points

This EURUSD rally
This move up began off the 1.2885 level on 22 April
The high today has been 1.4168
That makes the length of this rally (So far) 1,283 points

There is also some good resistance on a retracement basis at 1.4180-1.4185. As a consequence another pause in this move before higher towards 1.4720 target is not out of the question.
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