Wednesday, September 16, 2009

As New York comes to a close, today we had a dbl test of the Daily R1/Weekly R1 level before finally breaking through. Stronger Res was found at a confluence of yesterdays R2 level and todays 61.8 PDMM projected from the previous day's close.
Looking for the weekly/daily R1 to possibly be Support or the soon to be calculated daily pivot level for tomorrow. With this area holding, EURUSD may rocket to the next Res levels as seen on the Monthly levels.

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