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Sideways in Euro and up to 1.39 [Copy link] 中文

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Post time 2005-4-4 10:05:44 |Display all floors
Euro Weekly Forecast EWA: Sideways in Euro and up to 1.39
Just look at the past:
1- What happened between January 11 to 29, 2004?
2- What happened between December 6 to 16, 2004?
3- What is hapening since December 29, 2004 until today?
Is the answer for the three questions the same? In the three cases, the wave in progress was a wave four, and in the points 1 and 3 the wave four within a wave five. Is we pay atention to the waves of points 2 and 3, we can see that is the same draw but at different scale. All this waves four were a flat corrections, as a triangles or regular flats, both possibilities are valid countings. Today, the daily chart show an extreme oversold price, and a rebound of the prices in the support line that unit the lows of ((a)) and ((c)) ocurred on last Friday, closing the prices up this line. A break up of 1.3050 advice us about the possible beginning of the wave 5. A break down of 1.2855 and 1.2730, advice about a big possibility of an strong down trend in progress.
The bearish counting show the first wave ((a)) within Y in progress.

Euro Weekly Forecast Elliott Wave Analysis (edited by Matias Menendez Larre)
http://www.torosyososfx.com.ar/psfree.htm

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Post time 2005-4-4 10:43:07 |Display all floors

The down dollar?

Is good?

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Rank: 4

Post time 2005-4-4 11:16:53 |Display all floors

Upside down

When I was in Europe several years ago, one Euro was approximately 80 cents US dollar.
Now, things have turned upside down. The Euro is significantly mightier than the US $.

The end is not in sight yet. The US $ would continue to slide against the Euro. Why? The US dollar has lost support because of the huge budget deficit by Warshington. When you're in more massive debt, your credit rating is poorer.  As a result, interest rate in the USA has been going up, and up, and up.  

When the game stops in the next few years, will the Euro be worth 2 US dollars?

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Post time 2005-4-4 19:28:35 |Display all floors

Reply: Upside down

Damn US dollar keeps sinking ...
Maybe it's a good sign?
How will this affect sino-american trade?

requiem

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Rank: 8Rank: 8

Post time 2005-4-5 10:46:08 |Display all floors

I think...

the USA is positioning itself in the middle with China being low and the EU high.

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Post time 2005-4-11 11:40:19 |Display all floors

hehe....Financier

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