Russel and Euro / Dollar hitting critical support

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Russel and Euro / Dollar hitting critical support

Neural Blog 5th May 2010

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We have just hit an important key level in the Russell this morning and moved up from the lows.

5th May 2010-05-05 09:20am

The Euro and Dollar are in a 5 wave ending pattern

We have just hit an important key level in the Russell this morning and moved up from the lows.

We could be hitting a five way completion target in both the euro and the dollar.

The Euro seems to be making a direct move into the major support level at the 1.2700 to 1.2800

If however we move through this area, as we have through the previous resistance areas, we would need to consider substantial downside action in the coming days.

Also keep in mind that the first three trading days for the month have an extremely high probability to establish a low or a high for the month. As can be seen in Sep '09, Oct '09, Nov '09



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