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Elliott Wave Analysis : EURUSD Is Expected To Continue South

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 9, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURUSD made another strong leg down at the end of the week. Price broke well beneath wave 1) swing low around 1.0900 which suggests that pair can be falling within a red wave 3). Third waves are us sally the strongest so we stay bearish on EURUSD for now towards 1.0600 that can be seen in the next couple of days. Invalidation level is at 1.1070; as long it will hold trend is down. EURUSD, 4H

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