Παρασκευή 24 Δεκεμβρίου 2010

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

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