EUR/USD made a slight new low below 140.23 to 140.15 ending wave 1 down. Wave 2 became a very shallow wave confirming the strong impulsive down-wave. We are now in wave 3 down, which should take us down to at least 138.18, but I would expect the support to be broken too for a deeper decline, but lets see how the decline develops.Monday, November 8, 2010
EUR/USD - The impulsive count looks even better now
EUR/USD made a slight new low below 140.23 to 140.15 ending wave 1 down. Wave 2 became a very shallow wave confirming the strong impulsive down-wave. We are now in wave 3 down, which should take us down to at least 138.18, but I would expect the support to be broken too for a deeper decline, but lets see how the decline develops.
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