Black Swan Forex: Short-term EUR/USD forecast

Update: Short-term forecast EUR/USD

28 August 2013/3:47 a.m. ET

Issue #508

Our next target for EUR/USD is for a test and eventual break of the 1.3205 swing low. It appears two minor waves have been traced and the pair is set to enter a strong minor iii down. Still looking for confirmation on the daily chart, but aggressive accounts may want to consider shorting here, with a stop just above wave ii high at 1.3409.

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Jack Crooks

Black Swan Capital ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


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