Friday, July 14, 2006
Euro Resistance Daily Chart

Above is the daily chart of the Euro. Earlier this week I uploaded my Elliott waves and after having been asked yesterday if we have hit a top, I decided to upload a newer chart showing resistance and reversal. The three thin blue lines are my reference points. The thicker red line and thicker blue line are the projected points.
The thick blue line shows the resistance and possible price turning point and since hitting that price then we have headed down.
