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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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  • Elliott Wave Analysis: EURUSD Looks Upside Before Turning Down 0 comments
    Jan 10, 2014 4:41 AM

    EURUSD fell to a new low yesterday so it seems that wave 4 finished earlier than we thought and that latest leg down represents wave 5, final leg of an impulsive wave 1). Price moved closed to 1.3527 support back from early December from where we may see a three wave rally in wave 2), back to 1.3660/1.3720 region. Keep in mind that after every five waves correction follows, so do not get surprised by a temporary change in trend. Larger trend for EURUSD remains down!

    EURUSD 4h Elliott Wave Analysis

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    Video >> EURUSD Elliott Wave Analysis

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