|
Eur/Usd.............Analysis.
The Eur/Usd on this decline from the Top at 1.1933 to the low of 1.0764.....a 1169 pip decline...currently has a Channel window from 1.1200 to the 1.0450/75 basis. The decline at this level is gyrating in the 1.1150 to 1.0800 area.
Wall.............
The above paragraph is from my 9/7/03 Analysis post.
As You see I'm Targeting the 1.0450/75 basis as a decline area...Your Analysis for the declines fall to 1.0246 is a 2nd Target......3rd Target Parity. Also if US Economic strenghth fails expectations.....with Europe's rebound a test of the 1.19 basis will follow.....I see the USD leading the way for troubled Global Economies....with Spike flights to safety upside..along the way.
The 1.1080 Target was for the last Trade.
Best Regards,
Iris
|