EUR/USD : Spike Support 1.4337

• Previous spike highs and lows are very significant chart points. The original spike signals a reversal. Subsequent reclaiming of the spike = failure of the reversal = usually even more powerful technical signal than the original.
• Last 1.4346. Today's low so far = 1.4330.
  
• Weekly : Trading near to early Jun09 spike high at 1.4337. Expect some support here but a closing break below = good sell signal.
• Took some profits on mega short at 1.4338 tonight.
• Usually the longer it takes to reclaim the spike the more significant the event.
• Fresh eg of how powerful spikes are = yesterday's break of Dec08 spike high of 1.4719.