Daily Bars
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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FOREXAnalysis: It is possible that an important high is in place at .8675. The current high is at the channel that defines the advance from the November 2011 low. Near term, a flat correction appears to be unfolding from the 4.15 low. The implications are for strength above .8509 before the next top.
FOREXTrading Strategy: Order to go long at .8440, stop .8350, target .8550 but will be looking for a top in 1-2 weeks.
LEVELS: .8359 .8400 .8435 .8509 .8526 .8561