Euro 31May12

The Euro has followed it’s projected path since my first explanation of my methods in The Euro as an example of my Techniques in March and the 4 April Update.

We can see support from the crossing of D-1-2 MF and D-2-3-4 ML starting at 121, and the lower end of support of D-2-3 MF and D-2-3-4 ML is at 119, as shown by the green rectangle in the detailed chart below from W-4 below.

Pivot 5-1 has found support on D345ML and H0-1-2 WL-1, which most likely will only hold for no more than a today, and then prices will work their way down to complete 10 minute wave 5 to complete H-3 mid to end of June.

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