Post-ECB spike at the beginning of an impulse wave c for the next few months. Long term update:
An impulse wave (c) for closing off correction iv
Not an easily agreeable wave count unless there's an alternative - Still in the middle of multi-months correction (4) since 24th December 2014, moving up to complete wave {4} of (c). Trading this impulse v with SL @ breaking top of i. Just spiked on ECB.
Correction (4) since 24th Aug high have retraced more than 0.6182 of (3), now at rock bottom forming base for resuming trend on (5), most probably an extended 5th.
This pair is forming a base for it's advance more than anything, target could be high but uncertain. Wave pattern has been a complex correction (4) with it's red C wave being an large expanding diagonal, almost ready or have started a zigzag wave {v} up. Trading the breakout.. SL at break of wave {ii} bottom.
Possible completion of wave (iv) correction with an expanding diagonal wave (c). Reversing on wave (v) towards target (v) = (i), SL @ 0.7425
A potential wave (c) coming up to complete correction (2) that started from 1st of October low.
The 3 months long 4th wave {4} correction is completing at more than 61.82% retracement of {3}, thus resuming uptrend - setting up for a possibly extending white wave {5} for the coming months.
Wave {4} of ED is on track for completion likely bet. 2115- 2133. Sell @ 2115 SL @ 2134
Wave count of a complex correction (4) still intact, presently near termination of the red corrective (b) wave.
An Elliott Wave hugging impulse wave - with the deep retracing correction (4) likely terminating within the travel of previous minor wave (ii). In the mean time, it's range trading in the next two weeks.
Watching out for a wave (b) completion, being part of an expanded flat correction, and therefore, reverse on impulse wave (c) down.
In the middle of larger complex correction {4}, just completed wave b of (a), heading down on an impulse wave c. 1st target wave (1) near 120.00. Long term view:
Well now, there's signs of life in this pair moving upwards together with other EUR pairs, against much opinion. This expanding diagonal wave C red could still be intact with massive upside to come.
Since 19th of May top, the corrective structure of zigzags suggest a downward expanding diagonal wave (c). Now close to termination of wave iv, between 2115-2130. Sell at 2115 with SL one pt. above top of ii., target projected wave a - for better R/R.
Deep retracing wave (2) wave count complete and it does more than breaking lower channel line. The impulsive nature of decline suggest a trending (3) and a projected 1st target of {1} orange.