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Sunday, 3 November 2013

EURUSD: 3 November 2013, Sunday, 4.00pm Singapore Time

EURUSD: 3 November 2013, Sunday, 4.00pm Singapore Time

Attached above is the EURUSD Chart. 

All illustrations and explanations of what is happening and what is going to happen is as illustrated above in the chart.

Just like the worldwide indices, commodities, stocks and equities, Euro is undergoing a short term correction within a mid term rally. Reversal point to trigger resumption of larger mid-term wave rally is at 1.33900-1.34000 (1st re-accumulation/re-addition of longs) and 1.31900-1.32000 (2nd re-accumulation/re-addition of longs).

Upside Target (Long on Dip Current Short Term Correction as illustrated above):
1st Target Price: Around 1.390000 as first target to unload half
2nd Target Price: Break up of 1.40000 to unload the remaining half (Will update more when 1.40000 hits)

There are a total of 4 very powerful supports as above supporting this mid-term pump-up operation.

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