EURUSD triangle senario

So, it seems that latest price action invalidates 1-2, i-ii senario and brings back to light 24/12 senario of triangle formation as wave 4...According to this, we could see one final push up to 61,8% of wave b at 13325 to finish w. c before the drop to wave d...
we'll just have to wait and see... remain flexible as there could also be other options, which on the other hand don't look so promising right now...

Make it or break it...

We have reached 78,6 % for w.2 correction... things should look toppy by now... if it breaks 1.3273, I should reevaluate latest counting...

EURUSD latest price action... wave 2 under progress?

Latest price action suggests that wave 1 is already finished and we should be heading higher in wave 2... It looks sharp and convincing... target prices are at least 50% retracement but more possibly 61,8% and even 78,6% of wave 1...

EURUSD wave analysis by Instaforex

Here you will find Instaforex's wave analysis
Based on this analysis now we are in wave 5 with multiples 1-2, i-ii having already formed...
I generally disagree with prelabeling 1-2, i-ii in situations like this... I consider most cases like this being complex corrections, especially due to low holiday liquidity... But general concept remains that price should be heading downward towards 1,2975 at first and 1,2585 as next target... So I remain short EURUSD

EURUSD update on latest price action plus an alt bearish senario

Latest price action could be some sort of complex 2nd wave correction which should be ending now after a final thrust above 1.3140... Even if it doesn't seem likely a 2nd wave to last so long and be that complex, holiday season could be the reason ...

An alternative senario could put us in a large wave 4 since the beginning of  December, and we could have finished legs a and b... That means that soon we should see c wave taking shape... this kind of correction should last a couple or more weeks more before final thrust as a 5th wave take us below Nov low possibly towards 1,2585... of course there other possible senarios as well, but for now these are what I consider most likely...

EURUSD med term

So, this is where we seem to stand now... big picture points downwards to at least 1.2975 or preferably the base of  B at 1.2585... we could be heading there quite fast either by the end of the year with a year end rally on USD index or during the first weeks of 01/2011... we'll have to wait to see how things develop...

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