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08 June 2007

EURCHF re-tests Head & Shoulder's Neck line

EURCHF re-tests Head & Shoulder's Neck line


Yesterday rally (look here ) kicked all orders out in its attempt to attach right shoulder. The attack was short and weak and turned out into a range.
Down signal are still valid Momentum and Acceleration are still in Red Zone and both are down, but let's wait to see who will win this battle.

On daily chart is clear visible how hard this neck line is :-) It is also visible that Alligator is going to wake up...

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