As we see in the chart, the EUR is starting to go up again. The movement started in July 2008 is just a correction of the previous upward impulse. It seems that it should go up again, however we have not reach the usual target:(Elliott´s 4) = (AB=BC) = Mac Index = 1.17. It´s really uncomfortable to trade long with such a big down attraction!! So let´s be sensible, let´s wait for some minor correction -between 1.31 to 1.35-, and wait to see if it reaches our target.
17/07/2010
