Friday, May 25, 2012

Eur/Usd Price Action for May...

yet to be confirmed but just sharing what I've been mulling over...
if I shut off all the noise in the market and just look at May 2012 price action,
this is what it looks like... to me.

Eur/Usd 4Hourly Chart













a new Low, probably ahead of 1.24 ( wave 5)and then an ABC move Up is to be expected soon.
take note of GAP (if you look closely, it is yet to be closed) the GAP area would be a good sell zone perhaps?

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