EUR/USD Review (by Alex)

First let's review our post from last week (10/27) and see how projected support/resistance levels played out.

 
Now lets see how the history repeated itself once again. We are comparing Aug.2008 price action and present:

 

No doubt there is a similarity. Current swing high(FOMC day high as well) is 1.4908-to the tick the same as the swing high in August 2008.

Will the history keep repeating itself and we see lower prices in the coming days? We shall see.