Is The EURO A Tell Of Market Reaction to FED Intentions?
Watch this training video for a real time weekly , daily and 360 minute chart levels. Then, you might draw some insight as to how the market's reaction to any FED decision will manifest itself.
As a hint, news is often used to explain or justify why chart patterns or market movement occurs. In reality, news events isn't really the underlying cause.
Best of Trading
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Mike, I'm new to side of EW analysis. Could you throw some light on the price action of the EURUSD on the 2nd of August. Was the high at around 1.24 to the low at 1.213 the C leg?
ReplyDeleteIMO, I am treating that as a w.c of an expanded flat correction that began from 7/27/12 high.
ReplyDelete