Translate

Wednesday, December 8, 2010

EUR/USD - My preferred count barely survived yesterday

The wave ii correction pressured it's absolut maximum target at 133.95. Actually it broke it slightly and tested 134.00, before turning down in wave iii. Thereby my preferred count only barely survived.

We should now see a decline down to at least 130.85. I would find it a bit suspect if 132.06 protects the down side for a correction higher, as that would leave wave i and (i) of iii equal in length. Ideally 132.77 will protect the upside, but only a break above 133.56
would frustate the picture.

No comments:

Post a Comment