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Tuesday, November 9, 2010

EUR/USD - Wave B of 2 is most likely done too

It very likely that wave B of 2 is over with the test of 139.10. If this is the case, then wave B was a expanding flat correction and wave C should then be on the way for a rally higher towards 140.58 and possibly 141.00.
Only a break below 139.10 will delay the rally higher and open for a deeper correction 138.83 before the next move higher.
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2 comments:

  1. InfinitusNovember 9, 2010 at 6:02 PM

    Hi EWS,

    hope all is well with you. Good work today (as ever) :-)

    I will go long now at 3870.

    Good luck to you :-)

    ReplyDelete
  2. Elliott wave surferNovember 9, 2010 at 8:28 PM

    Hi Infinitus,

    Thank you. It's much appreciated.

    Hope you is well too :o)

    I will have to review my micro count again, as I must have missed wave A and B, but the latest action tells us that the rally to 139.73 must have been wave C in a expanded flat correction.

    The very best regards
    EWS

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