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Euro 5 Waves Complete at 1.4130? Euro 5 Waves Complete at 1.4130?
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Old 09-24-2007, 09:40 AM
DailyFx's Avatar
FX Analyst
FX-Men Honorary Member
  

Join Date: Jan 2007
Posts: 10,134
Default Euro 5 Waves Complete at 1.4130?
Commentary: The rally from 1.3360 appears to be in 5 waves and may very well be complete or close to complete. A correction of this rally is expected to unfold soon and bring price back to at least 1.3828.

However, from a trading perspective, there is no reason to fade this move until we see a clear decline in 5 waves followed by a corrective setback.

Strategy: Flat
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