Guest Commentary: MarketVisionTV - Time is as Big a EURO Killer as Distance!
The Euro remains within an uptrend to two targets the first is 1.3535 a confluence of equality from 1.2970 assuming this were a triangle..and ironically 5=1 on the basis that it wasn't a triangle..The second is the C=A on the daily chart of 1.3665. The reaction from 1.3485 is corrective then and over at 1.3360 just beyond the 38.2%?. It is enough in distance yes.. but not in time..as the three wave rally to retest 1.345 and fail suggests more consolidation a trendline break and 1.3360 again. However, while the 1.3290 pivot continues to hold we remain bullish for an initial spike to 1.3535 and later 1.36. Only as it fades above 1.36 or breaks 1.3290 can we see a return at least to 1.32.
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