EUR/USD Signal- November 27, 2012

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By: DailyForex.com

Currency: EUR/USD
Method: Elliott Waves
Description:Following the principle of motive waves, I was able to spot wave (iii) at nearly 2.618 Fibonacci level / 1.3000 price point. Logical trader would say what would happen to Y If X factor became known. With this logical approach, I would keep the pair in my watch list to see if a ZigZag shaped up as wave (iv) in a simple form and completed just near 1.2900 price level to say Yes I know now what is X. So lets watch level 1.2900 as a best buy in this situation for maximum profits and minimum risk because we would tell where Y ends!! Stay tuned for further details later on today.
Recommendation: Keep it in watch list for today and keep your eye on 1.2900 level.
Stop Loss: N/A
Target: N/A

EURUSD Signal 112712

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals based on his keen understanding of the market. Fadi is an expert in Elliott wav principles and Ichimoku Kinko Hyo, and he is a managing partner in one of the leading organizations in protective coating in the Gulf region.

In addition to sharing his trades as a member of the DailyForex trading team, Fadi is an expert trader on eToro, a social platform that allows traders to copy experts quickly and easily. Copy Fadi's trades on eToro here.