Dayton, OH (PRWEB) March 25, 2013
2013 is not the first year that many in the investment and trading community believe that the Euro will fall to parity with the US Dollar. But what CaesarTrade FX-CFD has noted is that every 38 days there is another moment of weakness in the price of the EUR/USD with headline news to compliment the price action. Now with concerns stemming from the banking crisis in Cyprus, CaesarTrade FX-CFD analyzed the Euro using Elliottwave analysis.
Elliottwave analysis is an established method in observing any market on a price chart developed in the 1930s by RN Elliott who believed that markets move in waves, or pattern. A trend is defined as five waves up and a correction as three waves down. Through these principles, CaesarTrade FX-CFD concludes that another wave up is highly likely in the EUR/USD to above the recent high of 1.3700.
"The good thing about Elliottwave analysis is that you can also define when you are wrong," says Eric Harbor, ceo, CaesarTrade FX-CFD. "So say the obvious occurs and Cyprus knocks the entire foundation of Europe, there will be plenty of time to trade further weakness in the Euro. But you are now given a cheap entrance level in the Euro."
Eric Harbor, not only the ceo of CaesarTrade, also writes and analyzes the markets in an unique and quirky way in the manner he speaks - like the Euro analysis mentioned above. He is highly experienced in the forex industry and has spoken to thousands of traders and has presented trading ideas to a roomful of traders.
He is available for comment at +1-937-581-4244
For more information visit: http://www.caesartrade.com