Translate

Thursday, December 9, 2010

EUR/USD - A serie of one's and two's ?

The price action in EUR/USD is really pressuring the limits of my preferred count.
If my count is valid, then we are seeing a serie of waves one's and two's of wave iii down.
As long as 133.56 isn't broken to the upside, my count stays valid for a break below 132.10 and more importantly 131.77, which will open up the downside for a decline towards 129.64.

A break above 133.56 and more importantly 134.00 will kill my count and make the alternate A-B-C count the most obvious count.

No comments:

Post a Comment