EUR/USD Elliott Wave Analysis - ForexSQ

Posted by Forexsq 99 days ago (http://www.actionforex.com)

Elliott Wave Analysis - The single currency moved more or less in line with our expectations, met renewed selling at 1.3859 (we recommended last Monday to sell at 1.3850) and euro then slipped sharply on Wednesday from 1.3859 down to 1.3523 (met our target at 1.3600 with 250 points profit). Although price extended weakness to 1.3484, the subsequent rebound to 1.3815 (yesterday’s high) suggests co

EUR/USD Elliott Wave Analysis

Posted by Forexsq 240 days ago (http://www.actionforex.com)

Forex Analysis - Although the single currency recovered initially last week, renewed selling interest did emerge as expected (we recommended to sell euro again at 1.4400) and has fallen again from 1.4442, indicated downside target at 1.4150 has been met later last week (with 250 points profit) and price fell to as low as 1.4103 today. We are keeping our view that rebound from 1.3970 has ended at

EUR/USD Forex Elliott Wave analysis

Posted by Forexsq 394 days ago (http://jdemunter.blogspot.com)

Inside this wave Y we have another wxy correction. We are now at the point where inside this wave Y, the waves w and y are equal. This falls together with wave Y being 0.764 the size of W. There is a good possibility that we have topped. It is also possible that price will go and test the 100% fib extention of W anyway. Remember to look for the trendline break to increase the odds that th