The single currency finally dropped below indicated support at 131.01, dampening our previous bullish count that the correction from 138.49 has ended there and we have re-labeled the break-down of this decline from 138.49 as: a- 131.01, b: 135.76 (4 Nov) and the c leg of wave 2 is still…
Tag Archives: single currency
Trade Idea: EUR/USD – Buy at 1.4900
As the single currency maintained a firm undertone after rising to an intra-day high of 1.5000, suggesting the correction from 1.5049 has possibly ended there and our bullishness remains for a test of this level, then to recent high of 1.5064. Looking ahead, a breach there would confirm the medium…