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Friday, November 12, 2010

EUR/USD - Expanded Flat wave 2 or wave 1 just ended?

Are we still looking at wave 2, which has turned into an Expanded Flat correction or did wave 1 end at 135.72 and wave 2 up has just begun?

I still prefer that wave 2 began at 136.70 and wave 2 turned into a expanded flat correction, which should ideal see a move up to 139.20, but it could move alle the way up to 140.10.

However I can't exclude that wave 1 first ended at 135.72 and wave 2 is only in its early stages. It doesn't change the target for wave 2, which still is in the 139.20 - 140.10 area.



1 comment:

  1. Hi EWS,

    I am with you on your alternative scenario. Wave 1 ended at 3572 and now up in an ABC with wave A maybe done at 3765

    Have a nice weekend,

    Markus

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