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EUR/USD technical analysis views from Nomura, SocGen & Barclays

Discussion in 'Technical Analysis' started by ForexLive, Oct 8, 2015.

  1. ForexLive

    ForexLive Forum Member

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    EUR/USD technical analysis chart views (some Elliot Wave in there) from Nomura, Barclays Capital, and Societe Generale, this via eFX. Nomura: a-b-c correction complete. Extension target is 1.1098 "The rally from 1.1105 (9/22) looks like a complete a-b-c correction. The move lower from Friday is the early stages of a new decline. Expecting a break of 1.12 to be followed by a break of the channel too. Extension target is 1.1098. From an Elliott perspective, the decline from 1.1289 fits as wave-3 so a sharp move lower would be ideal," Nomura projects.

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