EUR/USD 15/11/2011

November 15, 2011

I am presenting two possible wavecounts today. The primary being a continuation of the downtrend presented earlier. Based on this we should see a rapid decline towards 1.32xx levels preferably today or tomorrow. Failure to do so and a daily close above support near 1.3600 means there is a chance that our alternate wavecount may be taking place. It suggests a diagonal W.1/A forming which means the pair should stregthen 1.4000 in a few days. A breakdown of support near 1.3145 invalidates this wavecount.

 

 

 

 

 

Did you like this? Share it:

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post
«
Next Post
»
Albizia Theme designed by itx