Thursday, November 6, 2014

EURUSD Ready For a bounce next week?

EURUSD Weekly Elliott Wave Count





EURUSD could be ready for a bounce next week as it approaches the end of a 5 wave move down.  The EURUSD is also approaching a weekly trend line the forms the bottom of the triangle shown on the chart.  I am still looking much lower long term after the wave two bounce over the coming weeks.

EURUSD Weekly Elliott Wave Chart

EURUSD Weekly Elliott Wave Chart