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EUR/USD Alternate Wave Counts - Big Picture

Discussion in 'Technical Analysis' started by ActionForex.com, Feb 5, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The EUR/USD is declining past the swing projection, strengthening the bearish outlook further. The decline past 1.37 invalidates previous week’s wave count. Count 1: One count refers to the 2008-2009 decline as ABC correction, and the 2009 rally as wave I, while the late 2009-early 2010 decline as wave II....

    complete article here...

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