by Ramki | Jul 3, 2011 | Euro
We are in one of those times when we know the immediate move for the Euro is up, but are grappling with how deep will it move down after the current rally is over. From an Elliott Wave perspective, the decline to just below 1.4070 around mid-June could be termed a B...
by Ramki | Jun 14, 2011 | Euro
The speed and scale of Euro’s downmove from near 1.4700 has caught some traders off guard. Readers of these comments were at least forewarned of an imminent correction (although we were expecting it from 1.4730). Anyone who was trading technically would have spotted...
by Ramki | Jun 7, 2011 | Euro
Following the EUR/USD update of 29th May when I decided to step back and let the next move unfold, the Euro has been climbing quite steadily. Having come this far, we are now in a position to look for turning points on both sides. For example, there is a reasonbly...
by Ramki | May 30, 2011 | Euro
I just want to clarify one little thing about my comments posted yesterday. Traders should understand that there are times when the road forks, in a manner of speaking, and the crowd chooses to follow one or the other route. If you understood my philosophy of trading,...
by Ramki | May 29, 2011 | Euro
Now that the EURO has completed its 5 wave downmove from the high of 1.4939, we need to revisit the big picture and ask ourselves again, ‘Has the EURO really posted a medium term top at that level’? In order to play the devil’s advocate, I can present the following...
by Ramki | May 12, 2011 | Euro
The EUR recovered to 1.4423 after my last comments and the outlook deteriorated steadily until it reached supports around 1.4150. Earlier today we saw a minor but unsustainable breach of that support. But the damage is done. That we breached the support is less...
