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Euro Should Continue to Outperform other Majors

Discussion in 'Technical Analysis' started by ActionForex.com, Mar 4, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The EURGBP is nearing the end of a 5 wave rally that began back in January 2007. When wave 3 is extended (as it clearly is here), waves 1 and 5 tend towards equality. In this case, wave 5 (from .7391) would equal wave 1 (.6535-.6867) at .7723. So, while...

    complete article here...

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