Archive for December, 2009

EUR/USD Candlesticks and Ichimoku Analysis

EUR/USD – 1.4379

Last Candlesticks pattern
Time of formation
Trend bias

Weekly
Morning star
01 Mar 2009
Up

Daily
Doji
04 Aug 2009
Up

The single currency fell again last week as expected and reached our indicated downside target at 1.4282 (38.2% Fibonacci retracement of 1.2885-1.5145), however, euro stayed above the flat ground Ichimoku cloud top (now at 1.4184) and has recovered, suggesting consolidation with mild upside [...]

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EURUSD: Elliott Wave View
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