EUR/USD - The decline from 1.2443 has become deeper than expected and odds now favor, that wave "W" ended with the test of 1.2443 and an "X" wave is now seen towards at least 1.2134 and likely even 1.2040 from where we can expect the next rally higher towards the 1.2500 - 1.2600 area.
EUR/NZD - As long as minor resistance at 1.5200 protects the upside wave 2 could still be ongoing as an expanded flat correction, if this is the case we should expect a decline to 1.5043 before the next rally in wave 3 take us up to at least 1.5444. If however support at 1.5087 for a break above 1.5200 we 3 is already under way.
EUR/JPY - Wave c of red wave ii has become slightly deeper than expected, but support close to 96.07 to protect the downside for the next rally above 97.00 towards 100.30 and likely even 101.43. At no point can a break below 94.93 be accepted as that will leave us with a clear three wave rally from 94.09 and call for a new test of 94.09 and below.
20120810115020.png)
20120810115222.png)
20120810115542.png)
No comments:
Post a Comment