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Euro

24 Jan 2014 ‚óŹ 05:02 AM

EURUSD - just got complicated. The dollar index did not follow up on its 3rd wave and might still be forming a triangle. And while most EM currencies show weakness its the Euro zone with max weight in the dollar index that is onto something else.

Two alternates on this chart - wave ii is an expanded flat goes to 1.375 and tops and starts down. OR wave E is still forming and goes to 1.392. Above 1.375 we will have to consider 1.392.

euro240114

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