EURO and US$ outlook March / April / May 2012

The big picture from my analysis for the Euro for the next few months is a downward trend until mid to end of June.

It is not yet clear if the last 2 pivots are daily or 4 H pivots 1 and 2 as this may be a possible extension. Both the Daily and 4H sliding forks suggest an extension.

The opposite picture is showing for the US$, which is to be expected, so expect a rising trend for the next few months to over 81.78.

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