We are still in a flat consolidation state,that's why i'm not posting new forecasts.Nothing interesting happens untill today. I've forecasted EUR will go to 1.4130, but it went some 100 pips below my recent forecast. And now we're back again some 250 pips for less than 2 hours. It was widely expected because we were too far away from the negative Ichimocu on H4 so we shall now go to 1.4340 before next DOWN move. After 6 days of continuous fall it was time to take some profit and to hit some stops. I think that some suffered huge losses through this move today. In fact i expected EUR to fall to 1.3970 and even to 1.3920 and there to enter LONG, but it seems tnat nerves of the big players were weak. We have now some good LONG positions to attack 1.47 and this will happen in the next 4-6 weeks. If not possible to hold above 1.47 a major downside move will begin with target 1.35 and below - near the 2011 year end. Add to longs on a close above 1.4240 first target 1.4520, second 1.4680.
For today we shall go no more than 1.4240-60, pullbacks to 1.4130 possible.