EURPLN - Marabuzo Platforms towards 4.1455/1545

Last week's 4.0660 low was the 3rd in a series of higher lows that suggest that EURPLN has formed a significant base.

As you can see from the chart an important Marabuzo line at 4.0930 protected the topside for a while but since that's been broken subsequent Marabuzo lines are acting as platforms that support setbacks and preparing for the next leg upwards.

We're now looking for 4.1200 to protect the downside and build for a test of 4.1455 or even 4.1545.

Views: 35

Tags: #Marabuzo, #eurpln, #forex

Comment

You need to be a member of Forex Social Network to add comments!

Join Forex Social Network

Members

© 2014   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video