Monday, June 20, 2011

#GBPUSD, #EURUSD and #USDCHF

With the exception of fiber, both cable and swissy have completed their ADTRs. EURUSD will likely follow. After this, price should begin to drop as some MACD bear divergences have formed on cable and fiber.

Initial minimum target for cable is 1.6160. For fiber is 1.4258.

Let me say that if we have a closing price today below todays 50% fib line, than MOST PROBABLY we will have a downwards move tomorrow.

Will post charts later on.

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