FOREX PRO Weekly July 09-13, 2012

When I look at price action this morning it is in range just below 1.2300 I get this feeling it's straight going down instead of retracement to possible area of 1.242 - 1.245 Could anyone confirm this, please?
 
Considering price action in the past like this. It should already go up. And now it went back halfway the gap at the moment. I will just sit back and wait how this price action will develop.
 
I also do not undesratnd it today at all, better to have a bier or two, usually after wild session(s) market rest and digest a bit and lick wounds of course. Maybe US sesion brings some clearness.
 
Think I got it now but I will have a bier anyway

Good trading !

EURUSD_070912_1H_Projection.jpg
 
I expect it will make a of correction as a 3 drive go down in 3 waves and then a motive wave as c / 4 to start leg down

ok?

additional: if it goes down directly and take low of 2, then we already started this leg down
 
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