Elliott wave update on EUR/USD 21 May 2009
5 May 2010
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The Euro has been in an uptrend for a while and looks it can reach the 1.3920/30 level this time. Observe how I have drawn the Fibonacci ratio from a top that has been cropped and placed in line with prior key levels. You could then seek other confirmations on where the initial target can be anticipated. Good luck. | |
This is the kind of EUR/USD setup I break down in detail in Module 14 (EURUSD).