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.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out