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Wednesday, April 13, 2011

EUR/USD - Slight change in my micro-count

The rally past 144.88 yesterday has forced me to change my micro-count slightly. The above count seems to fit the price-action better. If this count is correct we should see a red wave iv developing and then a final red wave v towards the 145.55 - 145.70 area before finally topping out for good.
I would expect to see the top soon (maybe today in early US trading). I expect some konsolidation in early European trading hours followed by a thrust out of a red wave iv triangle towards the target-area.


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