DislikedI think that you may get your target, maybe a little bit lower.
Judging from the structure of the moves we build a complex ABC correction.
Wave A ran from todays low to 3506
Now we are in wave B. In this wave B we have finished the subwave A and subwave B (up) ongoing. Subwave C might be an impulse, since subwave A and B were only corrective (3-3-5 flat correction). This subwave B may retrace high since it is the nature of flat corrections. A good target for subwave C would then be 3468.
The following wave C can easily go up to between 3519...Ignored
Hmm ... agreed ... definately looks not very bearish to me anymore ...
http://www.forexfactory.com/images/attach/png.gif 2011-02-14_22h34_EURUSD _ min015 _ (1100 x 800) candle + ST.PNG (35.6 KB)
Damo Suzuki ... Jaki Liebezeit ... Holger Czukay ... Irmin Schmidt ... Karoli ... DOCUMENTA 7 ART WORKS ...
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Would not like to short this here and now ...
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts