ForexSpecs
Short

Butterfly model Eurodollar starts

FX:EURUSD   Euro / U.S. Dollar
In May Forexspecs.com expect decline of EURUSD             pair. This Friday NFP data can spike pair up to levels over 1.1320. In medium term butterfly model is valid with long term target over 1.0300 area. Timing is only factor for right wing of butterfly can extend to 1.1320.
I'm afraid this pattern is not a valid harmonic pattern and it certainly is not a butterfly pattern. There is a potential bat pattern formation setting up but this completes a bit higher than your D point.
Also, your targets do not keep in mind the support around 1.10 it seems. Feel free to trade it, but I'm not following you in this :)
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ForexSpecs PRO Nico.Muselle
My D - finished on 1.1385, your expectations are for 1.1418 - 30 pips difference is not big. Of course keep in mind support on 1.1030 hope you see green lines on my chart.
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