EUR Set To Re-Test Points This Morning

Friday, April 4th, 2008

The EUR has set itself for a bullish re-test for a possible 1.5707 and 1.5780 resistance levels on the Fibonacci pivots this morning.

This chart, (click chart to enlarge) indicates a setup for north-bound re-run but at lacking the energy because people are still waiting in the wings for today’s reports. At the moment, the market continues to consolidate make higher-lows and lower-highs creating a spring effect.


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