EUR/USD 07/11/2011

November 7, 2011

Nothing much to add here. I am monitoring an alternate bearish wavecount considering the lengthy sideways actions we have seen for this pair. It does not have the ‘right look’ for a Wave 2 therefore I am leaning on the alternate triangle count where we may experience a small rally in W.(E) to about 1.3850-90 before the downtrend resumes.

 

 

 

 

 

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