ALERT! Euro in DownTrend to 1.18 and more down!!! - Forex Forum

ALERT! Euro in DownTrend to 1.18 and more down!!!

The Katrina phenomeno extended the corrective pattern, making that the double zig zag became a triple zig zag, something inussual in this pair. After topping in 1.2590, the down trend broke the important ascending trend line, establishing the bears as leaders in the pair, helped by the political german crisis. But, what say the charts?
The blue counting shows a wave 5 minor in progress, unfolding a complex wave ((iii)), where exist a high possibility to see mark subwaves. The target for this wave is ((i))=((iii)), and it is below 1.18.
The red counting shows a wave (X) intermediate in progress, unfolding a wave X or B in a expanded flat correction. When this wave be complete, the uptrend as wave Y expected to the 0.618 fib of (W).

http://www.torosyososfx.com.ar/psfree.htm

Sideways pattern, possible a flat or expanded flat, consolidating the downtrend, as show the intraday graphic.

http://www.torosyososfx.com.ar/psfree.htm