EUR/USD update – one more slight new high is possible, but a major trend change looms . .

Gettin’ very close now . . I’m expecting the long awaited trend change in the EUR/USD tomorrow or Friday at the latest. In my opinion, based on the wave structure, the uptrend since June of 2010 to likely to end no higher than in a tight zone of 1.4970 to 1.5. Invalidation is still at 1.51431. Initial confirmation of the trend change will occur when price moves below 1.47532. Then . . look out below . . Sid @ http://elliottwavepre.wpengine.com

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