EUR - ending diagonal in progress Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Jul 30, 2015 4:50 PM

HI All!

EUR is is willing to test some more downside and is just telling us that it's not yet ready to go up.
I think the setup may look as follows, the C leg of the correction down is extending itself into an ending diagonal.

USD (US Dollar)Elliott Wave

Comments

candlelight

⋅ Jul 31, 2015 11:25 AM

I think also, first down 1.08 and deeper and than bullish 1.1x.

Xaff

⋅ Jul 31, 2015 9:15 AM

Hi Andy!

Wow, nice analysis, I thought a similiar move by a different analysis. But the possible end is similar hahah.

Regards.

ElPatron.Y

⋅ Jul 31, 2015 8:58 AM

Lovely chart, now most people who trade fundamentals have seen it is all calculated in.

IvanLabrie

⋅ Jul 30, 2015 7:07 PM

This matches the eurgbp count, great.