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Currency Strenght

Monday 28 February 2011

EURUSD bids on German news is back wiithin Poseidon trend line



                                                                 4hr Time Frame Above
1hr time Frame Below
As stated in my earlier post as my concerns of the low stochastics pushing prices up to 1.3800/1.3821. we would need to hold this level and Middle BB Line on the hrly for further advances  as support in American session, otherwise a break back below The Poseidon Median line with a push in the dolla index could spell trouble for the Bears other wise if price hold above the MBB then 1.3909/84 could be reached clarifying my 5th wave up scenario mentioned in the pervious post EurUSd prefrence. Otherwise 4hr butterfly sell will still be in play.

Be careful and Lucky

Kasim Ijelu

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