Euro rebound up untill 1.25 at least???
The euro bottoming in 1.2015, starting here a recovery. The Friday the currency went up strongly, moving up without rest and breaking the trendline channel. The Blue alternative shows a wave (A), unfolding, after the rebound in 1.20, the finish of the wave 3, the wave 4 with a first target within the wave four area of lesser degree. This wave 4 can be a triangle, or a zig zag, following the alternancy rule. The Red Alternative shows a wave (W) finish in 1.2015, beginning here the wave (X) up as an A-B-C zig zag. with a target between the 0.382 to 0.618 of (W). Look at the Charts to understand the movements.
The euro bottoming in 1.2015, starting here a recovery. The Friday the currency went up strongly, moving up without rest and breaking the trendline channel. The Blue alternative shows a wave (A), unfolding, after the rebound in 1.20, the finish of the wave 3, the wave 4 with a first target within the wave four area of lesser degree. This wave 4 can be a triangle, or a zig zag, following the alternancy rule. The Red Alternative shows a wave (W) finish in 1.2015, beginning here the wave (X) up as an A-B-C zig zag. with a target between the 0.382 to 0.618 of (W). Look at the Charts to understand the movements.