Friday, June 24, 2011

#EURUSD DIamond

EURUSD has formed a potential diamond form that can be seen on the 240 min chart as well as on the 60 min. chart. I have been able to draw two potential versions for it. In any case a 1026 pips drop is expected from the point it breaks the lower violet line.

Here are the charts:



EURUSD Diamond: version 1.







EURUSD Diamond: version 2.


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