08 Sept 07
Euro vs US Dollar
Short-Medium term trade.
Currency Pair = EUR/USD
TimeFrame = 4Hrs
Signal = BUY current market price.
Risk Reward Ratio = 6.0
Short term target for SubMinutte Wave v at 1.3695 .
Our point of view seeing Euro to push even further upward with higher target 1.37XX area.Our Ellitt wave technical analysis only target at 1.3695 area but it could go further with current momentum from market fundamental segment.
For long term Euro ,if euro had taken an upside 1.37XX area to make a reverse it could take a test important resistance at 1.3550 area.If it succeed to break that resistance there is more major downward correction for our next target.
For now, lets just see some chart of our short-term Elliott Wave analysis :-
From: Elliot wave signal prognosis