Euro Up with the Interest Rate???

Discussion in 'Forex' started by torosyososfx, Dec 4, 2005.

  1. Euro Up with the Interest Rate???

    The euro is inside a sideways move since two weeks ago, going up and down between 1.1870 and 1.1640. Choppy and overlaped waves show the investors indecision, and the uncertainty rule the market. The waves counting can give us a helo of what is happening there, but confusion makes things more difficult. The big corrective wave could be finished with th e Nobember 17 low, and the first wave of the new big wave up cicle degree is beginning, as a expansive wedge, somthing unusual, because there is no record about this pattern, but this is a reverse of a strong decline, it could be possible. The other alternative shows a decline on way, where the third wave of C is on progress.