HighSky (HighSky)
Currencies  |  July 10, 2012 13:40:38

EURUSD - Current Elliott says even after correction for a fall ...


In the first half of the week we would like to return for short-term analysis of last week - here , the main developments in the currency pair EURUSD continued to evolve according to the scenario outlined in the new week, we find ourselves in new, even two years, minimum, so our goal was achieved under mentioned 1.2288 level.

eurusdh3, daily comment

An analysis of the latest wave sequence is quite likely that the pulse phase 3 is behind us and said sequence of 3,4,5 would expect us to just two last 4.5. Our preferred scenario and provides for a maximum price of EURUSD return to about 1241 (previous wave 1 bottom), and yet another decline in last wave 5, when we are still looking for a new bottom. Greater return rates, above the upper channel is the standard deviation of the preferred scenario would be excluded, these boundaries are now far away.

Joseph Kvarda, Analyst

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