jdemunter

Eur/Usd : 1.30 ?!

FX_IDC:EURUSD   欧元/美元
The corrective uptrend has it's first wave completed as a double three (wxy). Now price is in a wave B. There will be a lot of possible ending points for wave B as it can always transform into a bigger wave. For now i will focus on the most bullish possibility, which has wave B finishing around the 50% fibonacci retracement of the rally from 1.04625 to 1.17140 at 1.1088. This would mean there will be a very short wave B, but eur/usd             can be very strong in early trends, with small corrections and surprises in the direction of the trend, just look at previous (monthly/weekly) turning points. In the title i say price could go up to 1.30, but this is in case the pattern is a flat, should the rally be corrective and form a double three, the target is 1.2318.
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