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Elliott Wave Charting: Eur/Usd Review

TheLFB A Forex Trader Portal

Elliott Wave Charting


Prices moved lower recently after a red wave B)/II) top was established at 1.3625. The pair fell very close to the 1.3443 zone, where a possible break-out will confirm that a corrective black wave IV is finished (1.3691) and Short wave V in process.

Any near-term turning point on the long side of the pair, while the market trades above 1.3443 will suggest that a complex correction is not over yet. In this case we will wait for a possible triangle formation

TheLFB Charting: Eur/Usd 4h view

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Disclosure: no pos.