EUR/USD Monthly Analysis, 03 / November, 2011

EUR/USD

According to the elliot wave analysis. in the pair Euro - dollaris developing wave of correction "B" we believe this wave will have its growth to 1.4180, this level coinside with the daily downtrend line that began in April 2011. But now we can buy cautiously because the uncertainty in the markets with a goal to the top of this wave "C", we believe that this wave will have its devel at least until the beginning of 2012 and could drop the price of the euro - dollar to 1.2800, as our goal long term.