Disliked{quote} Luis, I do not know if You realise how much the Americans spend on BMW's, Audi's and Mercedes but if You think that is A then many would not be able to afford anything from the Eurozone in the event of a wave C of that magnitude. The 5 waves of A as that supposes is 8000 pips, that would assume (with a 1.200 B and A=C ) that C would terminate no sooner that 2 Euro's to the Dollar, and possibly go to 2.500 at 1.61%. It would also invalidate practically all the US Dollar Long Term Counts I have ever seen. Just a consideration for truly who...Ignored
10 years ago people would have probably never thought eurusd would have reached 1.60... market doesn't follow EW... with all the bad rep euro has and has had for years now its just not dropping... that to me say euro has another agenda... i used to be a super bear on euro.. looks like thats not the case anymore..
in the same sense i guess many did not expect GU to go to 2.12 but it did not lasting very long... i wouldn't rule out a major strong bull on EU
on the contrary i would love to see this pair at parity so i can go to europe for less