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It is very obvious that USD is in a Zig-Zag, what I'm not sure is that
whether this is 4th of c of b
or this is 1st of c.
If you long it up, set $83.2 as mid term stop loss. Target range of
the highest point is between $92 and $99.8. This whole correction
should last until September or October of 2006, then it'll be back to the
long fall, in early 2007, there maybe huge up & down.
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I
don't suggest doing any trade for USD now because I'm not quite sure about
the 3rd & 4th waves counting and if this 4th is a zig-zag,
then I'm not sure if it just finished a of 4th of c of 4th.
I'd rather wait for the 5th wave down to long USD up for 3 months.
Stop loss could set at start of 1st wave which is about 80.
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