EurUSD has entered into it’s 3rd consecutive wave down, as seen on the chart above wave 1 and wave 2 have been of comparable lenghts and if this scenario is to repeat itself we should see the pair touching the projected target of wave 3 around the marked level, just above the 1.55 area EurUSD has entered into it’s 3rd consecutive wave down, as seen on the chart above wave 1 and wave 2 have been of comparable lenghts and if this scenario is to repeat itself we should see the pair touching the projected target of wave 3 around the marked level, just above the 1.55 area. This type of pattern happens often enough to provide us with decent risk:reward ratio and has a high success rate, especially the projection of the second leg after we determine a retracement of the first one.
[NP]![]("/Media/2/jpg/2008/5/EURUSD)
