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Elliott Wave Analysis : EURUSD Facing A Correction

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 30, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD fell again on Wednesday after recent consolidation to 1.1090 that we labeled it as wave 4. After that we have seen wave 5 down now that hit 261.8% extension of wave 1 which means that support can be near. We can already see some recovery back to 1.1000 so ideally correction is now in play back to 1.1100-1.1150 resistance area, from where new leg down may occur at the start of November. EURUSD, 4H

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