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Thursday, February 6, 2014

EUR/USD - Wave v lower towards at least 1.3432 should develop soon.

EUR/USD

We are at a short term decision point. I think wave iv is over at 1.3555 and that wave v is ready to devlop for a decline towards at least 1.3432 and possibly even lower towards 1.3371. A break below minor support at 1.3493 confirms that wave v is developing.

Only a break above resistance at 1.3555 will delay wave v lower for a move closer to 1.3573 before lower.

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