Monday, 27 October 2014

EURUSD Elliott Wave Analysis Bearish Reversal

EURUSD can be turning bearish after a decline out of an upward corrective chanel last week which is usually an important shift in trend. As such,we are observing a directly bearish count with impulsive wave three of three in view back to october lows. Critical region is now at 1.2841 as long it holds trend is down. Move back above that level will make wave 4 even more complex but still corrective from october low.

EURUSD 4h Elliot wave analysis


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