Adsense Leaderboard

Tuesday, June 5, 2012

EURUSD Forecast (5 Jun 2012)

Hi everyone, getting pretty tied up with many things this few weeks so am not able to do much analysis on my charts. Here’s a quick one of the EURUSD

4h Chart

image

There’s a very sharp rally in the EURUSD as seen in the chart.  I still doubt that the decline is over, but my wave count suggests that a wave 3 decline might be over, so a wave 4 is probably in effect right now.  I shall wait for the wave count to clarify itself. In the meantime, the dotted yellow line is an indication of how I think prices may be moving.