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Tuesday, September 15, 2009

The Wall

This flat Kumo is a significant wall of resistance and should hold any further advance.
The top chart shows the M60 Ichimoku. As you can see we have built in support below at the 1035-1040 level and a stronger support at the 1020 level where the Kumo flattens.

The EW can be counted as complete at this point.

Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.

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