Legionnaire

Fibo MAGIC in the EURUSD!! UNCANNY!!!

FX:EURUSD   Euro Fx/U.S. Dollar
EURUSD             Monthly Chart - Apologies if the chart looks a bit busy but here are the main points.

Fib Time Projection:
The 2000 (Point X) - late 2004 (Point Y) uptrend lasted for 50 months. A correction ensued and the low was formed in late 2005 (Point Z). If we take the 50 month uptrend and Fib project it from Point Z then we can see that it has has the uncanny ability to time the tops and bottoms +/-3 months. Looking ahead in the future we can see that the 2.382 Fib Projection (2.382 x 50 months projected from Point Z) then we get an initial time objective for a major low in the Euro             on October 2015, followed by the 2.618 Fib Projection that comes in at October 2016.

Fib Price Projections:
Measured triangle projection using the month to month closes comes in sub parity. This coincides with the downside Fib projections for the end of Wave C.

Conclusion:
Parity is a dead certain for the EURUSD             with 0.9900 an also likely target. Once price gets there we could have a prolonged period of accumulation (basing pattern) by the smart money that should coincide with the Fib Time projections mentioned above.


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