Market Analysis - 16 June 2009

We go to G/U pair , The good sign in 4H chart , double Top formation , then price drop to 1.623x area to tackle down last low , Break River hold and additional sell can take below 1.6170 , Target to bottom TL to break , next target to 1.5870 area , but trend already bullish , with this correction we can see good support to take buy again at area 1.6050 - 1.6130 . 4H stochastic already OS level , maybe we can see double bottom then price up again at bottom support. If not Cross the RIVER buy can take above 1.6320 .