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I have 2 price targets on the Euro based on the recent break of its rising
wedge pattern (see attached .gif).
1) The 3/24/08 bottom of the wedge at 1.5342
2) The price change from the bottom of the wedge (A) to the top of the wedge
(B) subtracted from the breakout point (C), which results in a price target
of 1.5080
The initial move to the first level should find some support. If that
doesn't hold it will likely move to the second.
Regards,
Bob Hunt
THE PATTERN TRAPPER
E-Mail: RHunt@xxxxxxxxxxxxxxxxxx
Web Site: http://www.PatternTrapper.com
Phone: 952-892-5550
Skype: pattern.trapper
----- Original Message -----
From: "tpmods" <tpmods@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, April 25, 2008 2:45 AM
Subject: [RT] Re: Is Euro ready for a fall?-Update
> Get ready to see 1.5053(EUR-USD) soon,I can't set the timeframe for
> this target of mine being a novice trader.Would like to have an
> experts comment on this Target of mine,this is just my T1 and I have
> become bearish on Euro fm yesterday.Finally taking a liberty to set a
> target of $Index at 78-79+ rough range in Nov-Dec08.Perhaps happy days
> are here again for Dollar,Cheers!
> --- In realtraders@xxxxxxxxxxxxxxx, "tpmods" <tpmods@xxx> wrote:
>>
>> While studing charts of euro against $ I feel that $ soon going to
>> have an upper hand hence those who are bullish on Euro are advised
> to
>> use very tight stoplosses,most probably we are going to see a strong
>> upmove of a $ and it looks it will be a strong and constant move
>> lasting till the 2nd half of 2008,would appreciate comments from
> other
>> members on this.
>>
>
>
>
> ------------------------------------
>
> Yahoo! Groups Links
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>
> --
> No virus found in this incoming message.
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> 7:24 AM
>
>
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Attachment:
Euro_080425.gif
Description: GIF image
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