Arco,

Very clear chart thanks. I just think a deeper test of very recent lows is coming first - nothing too much but 1.25 area is too close a magnet for stop hunters. Just call it gut feel at this stage.

Your counts line up with others I have seen - 1.2700 area seems the ideal completion area for wave 4 on the weekly chart.

p.s. my Murphy book arrived yesterday - let the edgimucation begin[^][^] If you don't hear from me for a few days, I'm poring over charts......also bought Raghee Horners book out of interest - she has some interesting trading techniques - swing and breakout mainly.

www.raghee.com is the site (haven't been there yet myself, but will do so today)


cheers
Xerof