EURUSD--Friday, July 2, 2010
A quick look at a 30 minute chart on EURUSD, showing an impulsive "price pulse" off a base formation formed Wednesday and early Thursday.
Late yesterday we met the 2.618 target around 1.2480. The next target in this pattern is circa 1.2660.
That also correlates with a target in a (potential) higher order pattern shown in this 8 hour chart:
If this pattern proves valid, and the current EURUSD recovery continues, we would look for the following targets:
