AndyM
Short

EURUSD detailed Elliott wave count 2014-2015

FX_IDC:EURUSD   Euro/U.S. Dollar
Here's a quick view of the current wave count of EURUSD             .

A few notes regarding the chart:
1) one last movement down is still needed to complete wave of the main movement since 2011. We did not observe any divergence on daily MACD when we reached new lows in Jan 2015, which makes me think this was a local wave 3 within , so we need to make another move down which will correspond to wave 5 within .

2) A few months of correction will follow as the market will need to digest the large movements observed since Jul 2014 last year. This will correspond to wave .

3) I believe the decline in EURUSD             will continue in 2015 - for a general view of EURUSD             see related chart.
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