Elliott Wave Free Forex Signal

Currency Pair = EUR/USD

Time Frame = Daily for Medium term trades.

Signal = Pending Sell limit at 1.4500 area.

1st Target Profit for Wave b at 1.4250 and Last target for wave c at below 1.4000 area.

Calculated Risk Level = around 1.7 ( High Risk)

Stop Loss at above 1.4600 area.

EUR/USD Elliott wave Analysis :-

Seem like last week EUR/USD had their top archived,most of the momentum came from FED rate and last friday NFP.

For this week EUR/USD strategy we expecting a major correction towards wave a-b-c.Our Elliott wave count also has been refined to the maximum accuracy but its all depends on market it self.

If market decided to form the first correction this week we hen will witnesses a series of correction to a new low,possible below 1.4000 in few weeks time.

Here is our  latest refined counts  on EUR/USD Elliott Wave analysis :-

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This entry was posted on Sunday, November 4th, 2007 at 11:02 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.