Thursday, April 03, 2008

EURUSD has bounced a bit from the 1.5550 low we were watching last night. So far I can count wave A up in 144 points, which projects a C-wave end at 1.5723, just above the 50% retracement. I am going to offer out (sell) EURUSD at 1.5720 with stops just above 1.5750 initially targeting 1.5660.












Here is a look at the 20 min chart with the complete count. In fact, I am going home with bids into this wave 4 in the area of the prior wave 4 at around 1.5665 for the move up into the final 1.5720 zone where I will flip and get short, as I described above. Back tomorrow.

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