Thursday, January 5, 2012

Eur/Usd : Close to bottom

Eur/Usd is in the last stage of the decline. 1.2450 - 1.2590 remains a zone where price could be drawn to before reversing. 1.2735 could also be the level to watch as it is the 100% of the corrective wave inside Y of Y of Y of (W). A reversal in trend will not start with a 5 wave move in the opposite direction since the new big wave starting is wave (X), which is still corrective.

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