Daily Elliott Wave Forex Forecast-12-Oct-2010

Title: EUR/USD – Sideways Trend
Story: Trend is sideways in EUR/USD currency pair. A noticeable channel break down suggests possible decline. A break below 1.3832 support will confirm this bearish view and we may going to see a decline towards 1.3639 in EUR/USD currency pair. However; a break above 1.4025 level will resume up trend.
FX_Trdr