The stronger-than-expected selloff from 1.1730 top calls for a review of our preferred count and we have re-labeled the daily chart as indicated, the entire rise from 0.9910 to 1.1730 is now treated as wave 1 of larger degree wave c, this wave 1 is sub-divided into: i: 1.0508, ii: 1.0130, iii: 1.0899, iv: 1.0435 and wave v at 1.1730. Under this count, wave 2 is unfolding to bring retracement of... moreThe stronger-than-expected selloff from 1.1730 top calls for a review of our preferred count and we have re-labeled the daily chart as indicated, the entire rise from 0.9910 to 1.1730 is now treated as wave 1 of larger degree wave c, this wave 1 is sub-divided into: i: 1.0508, ii: 1.0130, iii: 1.0899, iv: 1.0435 and wave v at 1.1730. Under this count, wave 2 is unfolding to bring retracement of entire wave 1 from 0.9910 and as price already exceeded 61.8% Fibonacci retracement of wave 1 at 1.0605, weakness to 1.0500 cannot be ruled out, however, reckon downside would be limited to 1.0435 (wave iv bottom) and 1.0300 should hold. Forex, Forex Portal, Forex Trading. Forex Trading Recommendation, Forecast, Trading Signal, Forex Training Course, Education, Tutorial, FX Book, Forex ebooks, Learn to Trade Forex, FX Guide, Currency Rates, Forex Secret, Forex Brokers, Currency Trading System, FX Chart, Free Forex Demo, FX Directory, Forex Tutorial, Currency Report, FX Newsletter, Pivot Points, Forex Portal, RSS EUR/USD GBP/USD USD/CHF USD/JPY view page