Monday, October 4, 2010

10/4/10 - EUR/USD

The EUR/USD may not have completed it's move yet. I still show a Fib target of 1.40 as a likely place to land, not required, but likely.

I also show wave 3 red of 3 or C blue ended with an ending diagonal but now a pullback will only be wave 4 red of 3 or C blue. See second chart.

A channel drawn using waves 1 and 3 red shows a potential wave 4 red target of approximately 1.35.
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