Translate

Wednesday, January 15, 2014

EUR/USD - Wave 2 finished at 1.3699 wave 3 lower is developing.

EUR/USD

There was no time for one last leg higher towards 1.3717 with a top at 1.3699 I'm looking for a minor red wave iii low at 1.3614, which should be followed by a red wave iv correction towards 1.3644 and the lower in red wave v to 1.3590 to end wave (i).

In the larger Picture we have just begun wave 3 lower and the first target for this wave 3 is at 1.3227.

5 comments:

  1. if eurusd drops under 1.35464 i believe we are in wave3...it can makes a low from here(1.3620) and make new high!

    ReplyDelete
    Replies
    1. Hi Zink,

      We can't be sure, that wave 3 is developing before we see a break below 1.3569, but looking at what we till now I think wave 3 lower has begun, but we need a littel more evidenc to be sure.

      Kind regards
      EWS

      Delete
  2. Hi EWS, thank you for all your charts recently - they are great, if you have a moment could you possibly update eur/gbp & gbp/jpy many thanks in advance

    ReplyDelete
    Replies
    1. Hi T.M,

      I have updated EUR/GBP and GBP/JPY and made a new post.

      Kind regards
      EWS

      Delete
    2. Excellent - many thanks again and for all your work

      Delete