Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
Thursday, October 21, 2010
10/21/10 EUR/USD Update
EUR/USD looks (it's early) like it may be moving towards forming a wave 4 triangle as well. It's starting to sport three-wave structures in addition to the fact that it is following a third wave up.
A good target is the top of the channel at 1.45. We'll see how this plays out.