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ew-forecast
Apr 14, 2016 9:29 AM

Elliott Wave Analysis: EURUSD Looking Lower, After Correction Short

Euro Fx/U.S. DollarFXCM

Description

If USD index is going up, then EURUSD should fall further as well, but after a pullback up to around 1.1290-1.1300 area. We see EURUSD in bearish trend as long as price is beneath 1.1346.

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Comments
Gorbie
What's happened with invalidation level?
ew-forecast
Nothing, looks like a bottom was placed at 1.12339 , and blue wave 4 would now be in such case, where red wave 4 is(at 1.12838) and red wave 4 would be at 1.13277.
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