EURUSD 4.May

I’m posting a detailed wave analysis of the current downside move, as I’ve mentioned before, it seems to will have been completed in 5-wave pattern, so it’s likely that we’ll see another decline. our target might be 1.31 area (685.4 level of the common wave 5). SL is set at 1.326

The chart is attached.

eurusd 04.05 5min EURUSD 4.May eurusd

If you enjoyed this post, make sure you subscribe to my RSS feed!

Leave a Comment

 

1 Trackback \ Ping »

  1. May 5, 2010 @ 00:02

    [...] This post was mentioned on Twitter by FET. FET said: New post: EURUSD 4.May http://forexelliottanalysis.com/eurusd/eurusd-4-may/ [...]