FOREX EUR/USD 12th June 2008



EUR Daily and 3-day chart

Wednesday was looking for an UP move towards the 5-day 50% level, and then look for a continuation down into the lows once again.

With price trading below the higher timeframe 50% level, then this is the only view I have today...

But in the short-term price is trading above the Spiral filter @ 1.5540, which often pushes price upwards another 95 pips to complete the range.....