http://www.fxstreet.com/technical/analysis-reports/daily-outlook/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-07-10.htmlAs you know my working count suggests that the fall started from 1.4339 (3 June) is wave 4 of a terminal impulse (ending diagonal). My wave count for it is presented on the chart. When the triangle in the position of wave B of 4 is over, I would expect a sharp fall in wave C with minimum target 1.3738 and most likely target 1.3500. A confirmation for this idea will be below 1.3833. A key resistance is 1.4200. With an eye on my bearish expectations I stay on the short position opened last week.Fri, 10 Jul 2009 08:23:39 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-07-10.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-07-08.htmlWorking count for EUR/GBP for the last two weeks movement. The recovery started from the reached low 0.8399 (22.06.2009) is corrective in nature and is developing as a flat correction. Wave C of it is a terminal impulse (ending diagonal) which should be already over. In such a case one should expect a sharp and strong sell-off for a low below 0.8399. A first signal for this idea will be a fall below 0.8616 and confirmation – below 0.8580. A key support is 0.8715 and a rise above it will abortWed, 08 Jul 2009 12:29:21 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-07-08.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-07-03.htmlEUR/USD has formed at least few years high last year at 1.6038 (15.07.2008). The subsequent sell-off was very sharp but turned out to be corrective in nature – flat correction. Wave A of it finished at 1.2549 (4 December 2008) and the following movement is wave B. My wave count for the said wave B is presented on the chart. I label it as a flat with currently developing wave c as a terminal impulse with extended fifth wave. This terminal impulse is still far from completing and I expectFri, 03 Jul 2009 10:32:13 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-07-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-07-01.htmlThe chart shows the USD/JPY movement since the start of the year. It is corrective in nature and is developing as a zigzag. Wave B of it is a triangle which could be already over. If this is the case, one should expect a rise in wave C for a high above 101.44 and my personal expectations are for a movement toward 105.00. A confirmation for such a bullish scenario will be above 98.87. On the other side a fall below 93.85 will make the situation bearish for a new low below 87.11. From a shortWed, 01 Jul 2009 07:55:00 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-07-01.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-06-25.htmlThe chart shows my working count for GBP/USD for the last month. I think a bearish triangle is developing which could complete the whole rise started from this year’s low 1.3503 (23.01.2009). If this is the case, one should expect at least 61.8 % retracement of this year’s rise – the corresponding level is 1.4685. A firs signal for this extremely bearish idea is a fall below 1.6185 and confirmation – below 1.5800. A key resistance is yesterday’s high 1.6601. With an eye on these extremelyThu, 25 Jun 2009 14:12:07 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-06-25.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-06-08.htmlThe chart shows my working count for the movement started from 1.6038 (15.07.2008). I think it is corrective in nature and is developing as a flat correction. Wave A of it turned out to be a double corrective combination ended with a triangle. Wave B is currently developing. It has as a minimum requirement new high above 1.4718 (18.12.2008 high) but more natural target is 1.5500. From a shorter term point of view we are currently in wave c of B. I think it will turn out to be a terminalMon, 08 Jun 2009 12:40:20 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-06-08.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-27.htmlThe chart shows the movement after the last week’s low 1.2885. The rise to 1.3300 is spectacular and is at first glance wave 1 of a rise from one higher degree. This scenario will become favored if the euro stays above 1.3044 (61.8 % retracement of the said rise) and rises above 1.3300 later. However there is also an alternative scenario – the said rise to be wave C of a complex corrective structure and in such a case one should expect a sharp sell-off below 1.2885. Both scenarios are realMon, 27 Apr 2009 13:48:13 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-22.htmlAs you know I count the rise started from 1.3654 (11 march) as wave C of a flat correction developed since 1.3503 (23 January). This wave C is a terminal impulse (ending diagonal) which ended at 1.5065 (16 April). The break of the 2-4 trendline as well as the fall below the end of wave 4 is a confirmation for the presented count. In such a case one should expect a sharp sell-off in coming days with minimum requirement 1.3654 and more natural target the zone around 1.3000. From a short termWed, 22 Apr 2009 12:11:23 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-22.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-17.html I assume the rise started from 1.3503 as a flat correction which has probably finished yesterday at 1.5065. Wave C of this correction developed as a terminal impulse (ending diagonal) and if this is the case we should see a sharp sell off for a low below 1.3503 in coming month and a half. A fall below 1.4600 (the low of the potential wave 4 of C) will be a confirmation for my idea. A key resistance is 1.5000. With an eye on these extremely bearish expectations I entered a short positionFri, 17 Apr 2009 09:33:42 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-08.htmlThe chart shows my count for GBP/USD since the reached low 1.3503. I think that a flat correction is developing from this level with wave C of it currently under way. I suggest that this wave C will turn out to be a terminal impulse (ending diagonal) and if this is the case, we should see initial rise to 1.5000 followed by a sharp sell-off below 1.3500. From a short term point of view we should be currently in wave 4 of the said wave C. There is still no confirmation for the end of wave 4 of CWed, 08 Apr 2009 10:05:40 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-08.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-06.htmlThe chart shows my working count. It suggests that we have a corrective fall developed as a double corrective combination ended with a triangle, followed by a corrective recovery. Today’s fall below 1.3516 confirmed this idea so I closed my Friday’s long position below it and turned short. If my idea is correct, we should see an acceleration of the fall with potential target 1.3100. A key resistance is today’s high 1.3581. Trading strategy: 11:05 EST; 16:05 GMT The long position from 1.3402Mon, 06 Apr 2009 15:24:28 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-03.htmlAs you know I expected few days ago a fall of the euro to 1.2884. However the market has clearly shown that the direction is not down so I was forced to change my working count. The new one is presented on the chart and upon it the euro should be expected to be up from here. A confirmation of the presented idea will be above 1.3500. With an eye on this I entered a long position today. Trading strategy: 10:08 EST; 15:08 GMT Long position from 1.3402, stop loss - 1.3310, target - open TradingFri, 03 Apr 2009 15:23:15 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-01.htmlAs you know I think that the rise of the euro started from 1.2457 (3 March) finished with a bearish triangle as is shown on the chart. So in my opinion the fall should reach at least 1.2884 (61.8 % retracement of the rise started from the beginning of Mach). The first phase of this fall finished at 1.3113 and a correction started from there. It has a potential to reach one more yesterday’s high 1.3341. However I expect later beginning a new fall with minimum target the indicated 1.2884. A keyWed, 01 Apr 2009 13:24:58 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-04-01.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-30.htmlThe chart shows my working count for the rise started from 1.2546. I think it is corrective in nature and finished with a bearish triangle. If this is the case, one should expect a correction of minimum 61.8 % retracement i.e. 1.2885. With an eye on this idea I entered short position on the break of the said triangle. A key resistance is 1.3465 with is 61.8 % retracement of today’s sell-off. Trading strategy: 11:45 EST; 15:45 GMT Short position from 1.3417, stop loss - 1.3540, target - 1.2900Mon, 30 Mar 2009 08:44:22 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-20.v04.htmlThe chart shows the movement after the reached high 99.66. I think it is corrective in nature and is developing as a double corrective combination with its second phase currently under way. I suggest it will turn out to be a triangle but there are also other alternatives. When the correction is over, one should expect new rise to 100 yen per dollar. With an eye on this I will look for entry level for a long position but only when I have a clear pattern. Until then I prefer to be flat.Fri, 20 Mar 2009 16:15:30 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-20.v04.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-20.v03.htmlTrading strategy: 06:28 EST; 10:58 GMT The long position from 1.4532 was closed at 1.4462 with loss 70 pips Buy again at market (1.4455), stop loss - 1.4300, target - openFri, 20 Mar 2009 11:27:31 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-20.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-20.v02.htmlTrading strategy: 04:23 EST; 08:23 GMT Buy on dips to 1.4532, stop loss - 1.4462, target - openFri, 20 Mar 2009 08:27:03 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-20.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-20.htmlTrading strategy: 04:15 EST; 08:15 GMT Buy on dips to 1.3615, stop loss - 1.3530, target - 1.3740Fri, 20 Mar 2009 08:22:04 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-19.v02.htmlTrading strategy: 11:40 EST; 15:40 GMT The short position from 1.4036 was closed at 1.4000 with profit 36 pips Stand asideThu, 19 Mar 2009 15:54:15 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-19.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-19.htmlTrading strategy: 11:14 EST; 15:14 GMT Short position from 98.05, stop loss - 98.90, target - 95.70Thu, 19 Mar 2009 15:22:59 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-18.v04.htmlTrading strategy: 12:27 EST; 16:27 GMT Short position from 98.05, stop loss - 98.90, target - 95.70Wed, 18 Mar 2009 17:39:14 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-18.v04.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-18.v03.htmlThe chart shows my working count for the rise started from this month’s low 1.2457. The up-move is very strong but I think that we deal not with an impulse but with a complex corrective combination. If this assumption proves to be correct, the said up-move should be part of a triangle (unfinished yet) which means that the expected stronger up-move for a re-test of 1.4718 high is still not started. With an eye on the above thoughts I exited yesterday the long position opened on Monday and evenWed, 18 Mar 2009 15:20:24 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-18.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-18.v02.htmlTrading strategy: 05:36 EST; 09:36 GMT Short position from 1.4036, move the stop loss from 1.4120 to 1.4000, change the target from target 1.3840 to openWed, 18 Mar 2009 10:35:52 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-18.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-18.htmlTrading strategy: 04:37 EST; 08:37 GMT The short position from 1.2951 was closed at 1.3005 with loss 54 pips Sell again at market (1.3010), stop loss - 1.3075, target - openWed, 18 Mar 2009 09:05:08 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-18.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-17.v04.htmlThe rise of cable started from 1.3654 is corrective in nature and has probably finished at 1.4228. If this is the case, one should expect a deeper correction or direct fall below 1.3654. My working count is presented on the chart and it suggests further decline which could be impulsive or corrective. As long as cable stays below 1.4020, I would favor the impulsive scenario while in a case of a break above it – the corrective scenario. I do not want to lower the stop loss very close to theTue, 17 Mar 2009 15:20:27 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-17.v04.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-17.v03.htmlTrading strategy: 05:07 EST; 09:07 GMT Sell on break of 98.06 (sell stop order at 98.05), stop loss - 98.90, target - 95.70Tue, 17 Mar 2009 09:10:30 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-17.v03.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-17.v02.htmlTrading strategy: 04:43 EST; 08:43 GMT Sell on break of 1.2952 (sell stop order at 1.2951), stop loss - 1.3005, target - openTue, 17 Mar 2009 09:01:47 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-17.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-17.htmlTrading strategy: 03:20 EST; 07:20 GMT Sell at market (1.4036), stop loss - 1.4140 (stop and reverse), target - 1.3855Tue, 17 Mar 2009 08:27:51 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-16.htmlThe chart shows my working count which is unchanged for months. Currently there are conditions for a trend reversal after today’s break above the previous high 1.2991 so I entered long on break of the said high. If this is true, we should see an acceleration of the up-move in coming weeks and months with minimum target a re-test of the 1.4718 high. However I have to admit that my confidence is still low because the movement started from 1.2491 could be wave c of a bullish triangle. However IMon, 16 Mar 2009 10:47:21 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-13.htmlThe chart shows the movement after the reached high 99.66. The fall to 95.66 is obviously corrective in nature. This means that a new rise above 99.66 is forthcoming. The question here is if this will happen directly from current levels or after one more low below 95.66. I shown both possibilities on the chart and a key support upon me is 97.13. A fall below it will signal possible initial low below 95.66 before the expected rise above 99.66. On the other side as long as the dollar stays aboveFri, 13 Mar 2009 16:03:44 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-13.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-11.htmlThe chart shows the movement started from 1.4304 (6 March). I think that it is impulsive in nature and we have 5 completed waves down. If this is the case, one should expect at least corrective recovery with minimum requirement 1.3900. A key support is today’s low 1.3654 and in a case of a fall below it, I will look for an alternative count. With an eye on the possibility for a short term recovery I entered long earlier today. Trading strategy: 03:18 EST; 08:18 GMT Buy at market (1.3758), stopWed, 11 Mar 2009 15:10:05 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-09.htmlThe chart shows my working count which I follow from months. It suggests that the fall started from 1.4718 is corrective in nature and is wave B of a flat correction. If I am right one should expect a rise in wave C for a re-test of the 1.4718 high. The big problem here is to find an entry level for a strategic long position with relatively close stop loss. As you know I tried several times to buy in the last few weeks for the expected rise to 1.5000, but when the market didn’t rise I wasMon, 09 Mar 2009 16:18:18 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-03-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-02-18.htmlMy wave count for GBP/USD is presented on the chart. I think there is a high possibility that the movement started from 1.4977 (high from 9 February) could hit a new record low below 1.3503 (low from 23 January). If this assumption turns out to be correct, we should see an impulsive fall. Wave 1 of it finished at 1.4137 and wave 2 started from there. One of the possibilities is that wave 2 is already over at 1.4604 and the current fall is beginning of wave 3 for the anticipated low belowWed, 18 Feb 2009 16:18:44 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-02-18.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-01-19.htmlIt shows my working count for the rise started from 1.3026. I think it is corrective in nature and finished this morning at 1.3363 with a bearish triangle. The forthcoming sell-off is a confirmation for the presented idea and the most likely downside target is a new low below 1.3026 till the end of the week. Currently even if we see some recovery of the euro, it should be temporary. With an eye on this I stay on my morning’s short position and the target will be determined later. TradingMon, 19 Jan 2009 15:57:34 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2009-01-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-12-09.htmlThe chart shows the last few weeks movement which is developing in a triangle. Currently, the more likely scenario for this triangle is to be bearish one with downside target 1.1650. A first signal for this idea will be a break below the lower trendline of the triangle and confirmation below 1.2445. A key resistance level is 1.3081. Trading strategy: 09:09 EST; 14:09 GMT Short position from 1.2837), stop loss - 1.3000, target - open This analysis has only informational and educational purposeTue, 09 Dec 2008 14:45:03 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-12-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-11-17.htmlThe chart shows my working count for EUR/USD. As is shown on the chart, the movement after 1.2388 is sideways in huge borders 1.2328 – 1.3297. All movements shown on the charts are corrective in nature which signals a potential triangle started from 1.3228. If this idea proves to be correct, we should see further sideways movement in coming weeks and I guess we could be in wave C of the potential triangle. Only a fall below 1.2388 would signal that the triangle could be already over withMon, 17 Nov 2008 16:43:43 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-11-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-09-01.htmlThe chart shows my working count. I think that the last two weeks movement is a bearish triangle which could be already over. In such a case one should expect a new low below 1.4570 from here (possible target is 1.4500). From short term point of view a key resistance is 1.4666. As long as we stay below it, I would favor the scenario for a finished triangle and a direct fall below 1.4570. However in a case of a rise above it, I would assume that wave E of the triangle is not over yet and IMon, 01 Sep 2008 13:48:45 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-09-01.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-08-26.htmlThe chart shows my working count for the movement started from 1.4629. I think that this level is a temporary bottom and we should see some recovery in next 2-3 months to 1.5150 – 1.5500 zone. This movement should be corrective in nature which suggests big movements in both sides but euro should not fell below 1.4629 and the overall short term trend should be up. My shorter term wave count is shown on the chart and I expect to be currently in wave C for a high above 1.4907. With an eye on thisTue, 26 Aug 2008 08:47:17 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-08-26.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-08-11.htmlIt looks like that the euro finally found a temporary bottom and some correction started. The chart shows my count for the said correction and I expect at least one more high above 1.5082. A key support is 1.4905 and as long as it stays unbroken, further recovery should be expected. However with an eye on the heavy last week's sell-off, this recovery should be only a correction prior no new fall below 1.4905 Trading strategy: 11:14 EST; 16:14 GMT Long position from 1.4995, stop loss – 1.4900,Mon, 11 Aug 2008 15:57:49 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-08-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-08-04.htmlI look at the fall started from 1.6038 as a corrective movement which suggests new record high once the current correction is over. The problem with the corrective movements is that they could develop in many different scenarios which makes the trading very difficult. My working count suggests that the said fall is developing as a triple corrective combination with currently developing third phase as a triangle. A key support upon the presented count is 1.5515. A key resistance is 1.5700.Mon, 04 Aug 2008 14:59:39 GMThttp://www.fxstreet.com/technical/analysis-reports/office@karoll.net (Karoll)http://www.fxstreet.com/technical/analysis-reports/daily-outlook/2008-08-04.html