jueves, 1 de noviembre de 2012

EUR/USD STILL LOOKING DOWN

The pair is playing well since the correction 1.3020. That is a perfect correction because it returned to wave d and also is the 0.50 fib level taken from 1.3140 to 1.2880. So to finish the complete correction from 1.3170 we need 3 or 5 swing down and then higher. Now we have 2 swing and we expected more down. Targets could be 1.2865, 1.2794 or 1,2764.

EUR/USD 4H CHART

At 15min chart we can look to ways how the market will move. First ABC, we got AB now so 5 wave down we got C and we are building just the wave i. And in the other hand we have an impulse 5 wave down that is more deeper and now we are bulding the wave i of the wave 3. 

EUR/USD 15MIN CHART
In conclusion, the pair must continue down, the problem is how depth. So keep in mind the targets in the 4h chart.

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