Elliott Wave Free Forex Signal

Currency Pair = EUR/USD

Short-Medium term trade.

TimeFrame = 4Hrs

Signal = BUY current market price.

Risk Reward Ratio = 3.07

Short term target for SubMinutte Wave v at 1.3980 .

Stop Loss at 1.3844 area.

Our point of view seeing Euro to push even further upward with higher target 1.3980 . area.Our Elliott wave technical analysis only target at previous high but it could go further with current momentum from market fundamental segment.

For alternate reverse possibility, EUR/USD could take a test on important Support at 1.3844 area.If it succeed to break that support, there is more major downward correction for our next target.

We could see a major movement on next Tuesday since alot of market talk that the Federal Reserve will lower its interest rate.

For now, lets just market decided where to go.Below is a chart of our short-term EUR/USD Elliott Wave analysis :-

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This entry was posted on Saturday, September 15th, 2007 at 9:09 am and is filed under Elliott Wave Signal EUR-USD.You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.