My summer target for eur usd 1.237 is near to be reached, by now the price is 1.24. I think today, a major correction on the way, before seeing lower than 1.237. This is a major turnpoint, i expect price to rise towards 1,30 in a rush, within a mere two weeks.
That point will be the breaking point of the euro towards lower levels 1,20's. Probably ten or less days before the greek election at 17 june. After the election i think greece will be kicked out of euro, which will pave way for lower 1.20's or there will be some more drastic measures will be taken by european community. What greece is doing, it is no way to govern a country. It will be better for them to get out of euro.
The japanese yen is fiddling around 79,00, it is a buy at 78,8 where 0,382 fibonacci point of the first wave length from 1 october 11 to 15 march 12. Japanese yen in harmony with elliot, it is hard to see, but the correction reversal of euro will be so huge, that it will affect usd compared to yen. Wave three ends at 1.618 which is 89,5 - 90. 1170 pips.
I do not expect usd yen to see such levels for quite some time. So it is a very long range buy.
Usd chf will, get low from 96,95, i do not expect it to rise beyond 97 for now. It will crush towards 93's.
So i expect in this june month a reversal. I do not advise anyone to buy eur usd, or sell usd chf right now, my analysis contains heavy risks. Yen is equally unstable so i am opening positions with huge stop loss gaps. Just wait and see for yourself before taking action. The point is, my targets for the summer are reached, that is why i am buying eur, to catch the correction.