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Thursday, December 23, 2010

EUR/USD - Not much going on here

No much happening here! We could still see wave "Y" in some kinde of double correction (micro count), which should hear for 135.60 area or wave 4 down from 142.82 could be done and a new low below 129,62 should soon be seen.

I prefere the correction count for now and a break above 131.70 would be first small indication, that this count is the right one, while a break above 132.02 should more or less confirm that count.

Stay flexible thus!

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