Major Retracement EU

hi guys...new update chart see eu  tringger..break TL eu must be in major retracement...eu next extension 1.34xx to completed subwave c...TAYOR...

EUR/USD climbs above 1.3300

Despite lingering concerns about a Greek default and its consequences, the Euro has accomplished gains versus the Greenback on Tuesday, recovering from a 9-month low of 1.3145 struck during the European session.

EUR/USD rebounded at lows and after a consolidation period around 1.3200, it gathered momentum and climbed more than 100 pips within the last hours to set a fresh day's peak of 1.3315 in recent trade.

At time of writing, the pair is quoting at the 1.3310 zone, where it records a 1.03% gain since opening. "In terms of technical levels, supports are seen at 1.3246, 1.3145 and then at 1.3088", said theTalking-Forex.com team. "On the other hand, resistance levels are seen at 1.3382, 1.3460 which is the 10DMA line and then at 1.3601".

Dollar Gains On Euro As Debt Woes Linger

(RTTNews) - The dollar rallied versus the euro on Friday amid mounting concerns that Europe faces more hurdles to overcoming its economic malaise.

The prospects for euro zone growth took a hit this morning with the release of data showing that euro zone inflation rose well above levels targeted by the European Central Bank.

Euro zone annual inflation increased unexpectedly in September, flash estimate from Eurostat showed Friday.

Annual inflation rose to 3 percent from 2.5 percent in August. The ECB may therefore think long and hard before cutting interest rates in support of the region's sluggish economy. The ECB targets 2 percent annual inflation.

Progress was made toward aid for Greece this week when German lawmakers voted to expand their participation in a rescue fund. However, other euro zone members must go along with the plan.

The dollar rose to $1.3420 versus the euro, edging near Monday's 8-month high of $1.3361. The buck also gained on the yen, breaking through Y77 to a two-week high.

The buck was weaker versus the sterling, easing to $1.5650.

Business activity in the Chicago area unexpectedly expanded at an accelerated rate in the month of September, according to a report released by the Institute for Supply Management - Chicago on Friday.

The ISM Chicago said its business barometer jumped to 60.4 in September from 56.5 in August, with a reading above 50 indicating growth.

Personal income showed a modest decrease in the month of August, according to a report released by the Commerce Department on Friday, although the report also showed a continued increase in personal spending.

The report showed that personal income edged down by 0.1 percent in August following a downwardly revised increase of 0.1 percent in July. Economists had expected income to increase by 0.1 percent compared to the 0.3 percent growth originally reported for the previous month