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Tuesday, December 22, 2009

EUR/USD - Is the first impuls down close to a bottom?



Here I have showen the less bullish USD-count (the most bullish USD-count can be seen below under the USD-Index post). If this count is the rigth one, then we are close to the bottom for a high wave two correction. And ideal correction-target would be close to the top of wave four of a lesser degree, which comes in around 147,77.

A correction that high would convince the USD-bears, that the USD-fall have been reignited and the USD-bearish comments will be plenty.

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