EURUSD ELLIOT WAVE 20120611

I feel eurusd has resistance @1.2680 and support @1.2550 my main bias is downside below 1.2680 eurusd has shown correction from 1.2280 support and i am expecting fifth wave pending in ellliot wave charts below

PLEASE SHARE YOUR VIEW IF ANY CORRECTION PLEASE SHARE

Tags: ELLOIT, EURUSD, WAVE

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Comment by Sukkim Lama on June 11, 2012 at 5:38am: I am not counting wave but of course am agree 1.2680 good zone for exit.

Comment by nidhi mistry on June 11, 2012 at 5:44am: thankyou anil for sharing your point i agree please share courting in elloiit

Comment by Peter jcp on June 11, 2012 at 8:08am: Hi Nidhi - I can see you have marked 4 ending around 1.2595-99 area with you then expecting wave 5 up to 2680 ? There you expect resistance and pullback and as you say you main bias downside to 2550 support. OK i probably slightly differ on your S & R levels but they are within 10-15 pips so nothing major.

I think if 2695 went we would be trying higher still and I also think there are good supports around 2580 and 2540 area.

Have a great week

Regards

Peter