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Elliott Wave Analysis : EUR Can Decline To 1.0600 Against The USD

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURUSD is in bearish mode for the last few weeks and based on the latest price action we assume that downtrend will continue. Notice that last week market did not go far; it only slowed down into a 150 pip range which now looks like a correction within ongoing dowtrend. We are tracking red wave 3) that can continue down to 1.0600 this week while price trades beneath 1.0897. Move above that price would invalidate our current outlook, but EURUSD would still be bearish with a different count.

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