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We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
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  • EURUSD: Break Of 1.2800 Puts 1.2500 In Play 0 comments
    Jul 8, 2013 4:14 AM

    EURUSD made three legs up from 1.2750 low to 1.3420 which we believe it was a corrective, contra-trend price action within a larger downtrend. We are talking about blue wave (2) which is showing signs of completion around 1.3420 level after sharp decline in the last three weeks with impulsive personality. Notice that pair is now already testing an important trend-line from October 2012 swing lows. Break here is expected which may cause a significant decline in the second part of this year.

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