Time To Buy Eur/Usd

Since 5 weeks ago, we were watching Eur/Usd dropped from 1.60xx until 1.46xx this week. There are some fundamental factors that support this movement and off course, mostly are giving bad effects to this pair. But I have an opinion, when people think that a pair is finished then it is time to start a new wave. In my analysis, Eur/Usd will be still in bullish condition whenever US economics is still in recession. In early of this week, we listen that there is a prediction that US will loose its Mortgage Bank (Freddie Mac n Fannie Mae) because of home sales recession.

I try to put fibonanci level retracement at Eur/Usd chart, and I think that I found a pattern to 0 - 100 of the bearish wave. If my analysis is true, then this level 1.46xx is the end of the bearish wave. Start from here, Eur/Usd will begin a new wave. We still dont know what is the next wave but I predict that this will be a bullish wave.