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EURUSD reversed sharply from the highs yesterday and is now trading 100 pips below 1.3966 level. A decline was very strong back to the area of the former wave four so looks like we have a top in place, at least for a the short-term. We expect now a minimum three wave set-back to 1.3800 region, which can either be start of a bearish impulse, or just a correction. EURUSD 4h Elliott Wave Analysis EURUSD 4h Elliott Wave Analysis
Gregor Horvat is based in Slovenia (Central Europe) and has been in Forex market since 2003. He is technical analyst and individual trader who also provide a lot of articles and trade plans based on the Fibonacci and Elliot Wave principle.
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