Eur/Usd Down to 1.330
Our Services (Video Tour) Twitter Facebook Subscribe to our newsletter
Sep 13 2011
Euro weakness accelerated late in the past week once the prices broke through the lower support line of a base channel, which we know is an evidence of an impulsive wave three. As such, decline from 1.4548 is considered as a powerful impulsive, but still incomplete leg, currently with a corrective wave 4 underway. We expect a completion of this pull-back in the near-term, maybe somewhere above 1.370, from where a new sell-off should occur. Our lower projected target is around 1.3300!
Critical/invalidation level is at 1.3973!
New York time: 00:00:00
Local time: 00:00:00
©2010 - 2020 ew-forecast.comDesign: VOBI