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Tuesday, November 23, 2010

EUR/USD - Wave C of 2 should begin now

Wave B went a bit under my ideal target at 135.62 and from the timing point of view we have seen an almost perfekt hit. Wave C of 2 should now be under way, with an ideal target in the range from 137.77 to 138.14. An extended wave C can't be ruled out, but time will show.

At this point only a break below 134.58 will alter my count back to my former count - The Expanded flat - where the C-wave had become too short.

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