Is at strong support here and this needs to hold other wise we will see a powerful decline (I don't think that SNB will allow that...).
Support at 0.9015 can not be broken if this Count is valid and as long as support at 0.9015 holds firm I believe this Count is valid. I will be looking for a break above 0.9138 as the first indication, that wave e of the B-wave triangle is over and that wave C is developing for a powerful rally higher towards 1.1731 where we find the top of wave 4 of the previous impulsive decline.
So we are at make or break it territory here. STAY FLEXIBLE
if your forescast is up..thats means eurusd down!!
ReplyDeleteHi Zink,
DeleteIn theory yes, but then you could see USD/CHF move way faster than EUR/USD. Remember this isn't necessarly a 1 to 1 game.
Kind regards
EWS
Would be keen to hear your view on Apple from here, have bought back in after the first move and looking to scale up and sell down FB here.
ReplyDeleteHi John,
DeleteI will take a look at both Apple and Facebook during the weekend and make a post.
Kind regards
EWS
Exactly but I think after the momemtum has faded down again an attempts are made to broke the support and Mr. Draghi in no mood to hike rates the euro should nt go ahead. But it is all about usd weakness which is the base currency but only time will tell that euro can break 1.3375 or 1.3711
ReplyDeleteAlways inspired by your thoughts that you dont think like crowd about correlations
Hi Aman,
DeleteThank you!
Kind regards
EWS