7pasos

From yesterday to today in EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
267 0 1
An elliott wave account that shows the 2 possible ways the price could develop:
For the upside, this recent down movement seems too long but still not out ruled that a zigzag pullback could be in formation.
For the down side, even when the upside movement that should be labeled as ABC             ending at 1.3430, A and C shows some disparity, and even a temporary acceleration in the base channel, the next downward movement in the relation of what I have labeled as i)) and iii             )) show an excellent 261.8% relation what favor the idea of an impulse. There for the ABC             count as an a pullback and the formation of a downward impulse seems the most viable wave count.
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