EURUSD - Primary Analysis - Sep-06 0314 AM (4 hour)

This pair continued to fall today pretty much in tune with the stock market but not at the same rate.

Todays signal is to look for shorts on rallies , if we have come to the end of the 5th wave on the 4hr chart then place to look is either 1.41 but preferably 1.42. You have to be careful here because if we are in wave a corrective right now , you might end up shorting into wave b and it is never a good idea to trade wave b correctives as they can quickly reverse and head into wave c.  However do watch the 1.41 level and see if it fails to break it. If we do break it then look to 1.42 for a short position candle stick alert.