forex4you Posted March 12, 2012 Report Posted March 12, 2012 EUR/USD: Technical Analysis Euro-dollar fell to 1.3100 in an Elliot 5th wave of the move which started at the end of February, as predicted. A 4th wave correction of the that final 5th appears to be unfolding currently. Once complete it is possible another wave lower – the very final 5th may once again re-touch the 1.3080 lows, however, equally possible would be that the last 5th is shorter than usual and is followed by a rapid corrective rebound, correcting the whole formation, and carrying perhaps to 1.3170 and then 1.3220. Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Belajar Forex
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