Is Euro Tired to go Up and Topping in 1.2485???
The last week the euro continued with the uptrend wave 4, untill touch the multiple resistance zone in 1.2460-90, the end of the wave 1 or B, the 0.5 fib retracement of wave 3, the low of the first leg of wave i within (v), and the uptrend line of the channel.The friday a low had place, but is it the end of the wave 4 and the beginnieng of the last leg wave 5?.
The blue counting show the double zig zag wave 4 possible finished in 1.2485. the last zig zag, was complex in the last leg ((y)), where the last leg is an ending diagonal, because that the overlapping zone around 1.2365. The break of 1.2345 is the first clue of a reverse.
The red counting shows the same double zig zag, but of a wave (X), then a recovery is expected for a new highs in the pair.
Euro Weekly Forecast Elliott Wave Analysis (edited by Matias Menendez Larre) 
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08-14-05, 10:42 PM
Linear Mode
