Euro : Complex Wave 4 (Elliott Wave)

Euro looks to be moving in a complex Wave 4 correction, W-X-Y , with the current progression in last stages of Wave X.

Comment:

Euro : 4H : So far exactly as expected : If this is the Hypo 2 (Green) playing out then we should see a reversal right from this level, however if we see a down move below 1.3800 level then that would suggest that more downside is on the cards as Hypo 1 (Red) is playing out :

Comment:

Euro : 4H : Following the arrows so far : Low risk long opportunity with SL below Swing low :

Comment:

Euro : Avoid upside trades for now, unless there is any clear confirmation. Reason : DXY looks Bullish, hence Hypo 1 might be playing out here :

DXY Count :