EURUSD finally broke
out of a sideways price action into wave C); earlier than we thought but still
in our primary direction. This wave C) has now room for even higher levels,
towards 1.3250/1.3300 where we will be looking for evidences of a completed rally
from 1.2745. Keep in mind that whole recovery is probably corrective) and that
larger downtrend will most-likely
resume by the end of
this month. Sharp fall from Fibonacci resistance levels and through supportchannel line will put pair back in bearish mode.
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