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Eur/Usd In A Recovery ModeTop ↑  July 20 2011 Eur/Usd has recovered nicely from the 1.3836 lows, in impulsive formation towards 1.4282 region, which we know should be start of a new trend as Elliott Wave theory suggests. Even a recovery in this week from 1.4014 looks promising as a decline from previous resistance showed corrective qualities. As such, wave (2) may have already hit a bottom and in such case, price should rise in the week ahead up above 1.4282 and then towards 1.44 trend line resistance.  Do you like analysis you see here? Check our full service package here. Price: just 45€ per month or 110€ per 3-months.
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