DanV
Long

EURUSD - LONGER TERM BULLISH

FX:EURUSD   Euro Fx/U.S. Dollar
711 1 2
Many seems to think that EURUSD             will fall back to July Low. I think that EUR has formed larger wave 4 bottom at 1.2660 and will now continue higher in 5 waves which could lead to retest of Sept high and possibly make new higher high. Having said that after completion of minor 5 waves up of the 1.2660 low, natural retracement to 1.2870 - 1.2800 is expected, before continuing higher. Note my reasoning behind the expectation as I compare it directly with Dollar Index             .
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