EURUSD Chart 2

EURUSD - BULLISH

EURUSD - Bullish by DanV on TradingView.com

23 November 2012

Updates and comments

Low @ 1.2660 appears to be wave 4. If that is correct, then we are now in wave 5 with expected target of 1.3250 - 1.34

This is assuming that at July low we have 1 - 2 which is more cautious count (less bullish). 

However, whilst working with less bullish, I am not entirely happy with that. I think we have super nesting with 1 - 2 , 1 - 2 sequence. If it turns out that we have super nesting, then in fact we are in wave 5 of larger wave 3, which could easily take EUR to well above 1.34, possibly 1.37 - 1.4 for full 5 waves count to complete.

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