9 Ağustos 2014 Cumartesi

USD Continue To Gain Advantage Over EUR

Hit the target. Nice Pips!

After a long time, I started to write my opinions. Below picture explains the main idea about to short EURUSD pair. Although last NFP couldn't cover the expactations US Economy is much better than the most of the economies around the world.


I can see a Elliot waves and a 3 way correction. The correction is stopping near the pivot point which is a good resistence I guess. Both fundementally and technically I expect that the downtrend will continue. 

My main target is 1,3350

Stop Loss: 1.3445


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