EURUSD : More Weakness Could Follow In Days Ahead

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

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURUSD was higher this week and it finally moved up to 1.1460-1.1500 area with subwave C) that represents final leg within a three wave recovery. As such, despite higher prices traders must be aware of a bearish waves in the next few trading days especially as decline from 1.1714 was made in five waves, so this downtrend should continue when correction completes. We can already see some interesting sell-off so ideally bears are in place. However, break beneath 1.1300 is needed for final bearish

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