Elliott Wave Forecast Team
ElliottWave-Forecast.com
EURUSD fell to new low yesterday and hit 1.3500 where pair found a support as breakdown came out of a triangle placed in wave (iv). As such, leg down was wave (v), final leg of a five wave decline from 1.3988 that can either be part of a big flat correction or maybe even start of a new bearish case. But in both cases we now expect a minimum three wave rally, away from 1.3500. At the moment pair is at wave (i)/(a) so be aware of more gains after wave (ii)/ (b) that may occur next week. Based on minimum expectations we think that euro could rally even back to 1.3733.
EURUSD 4h Elliott Wave Analysis
EURUSD 4h Elliott Wave Analysis
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