Wednesday, April 19, 2017

#EURUSD 4 HR Elliott Wave Update

#EURUSD 4 HR Elliott Wave Update

Trade Thoughts - Looking to short around 1.0777 against 1.0906.

Target - Below .9400

The EURUSD seems to be working on a wave (ii) up toward 1.0777.  The pair is currently consolidating in a 4th wave with a finally spike higher when it is complete. The RSI is coming out of over bought so divergence is possible with the new high.

EURUSD 4 HR Elliott Wave Count

EURUSD 4 HR Elliott Wave Count
EURUSD 4 HR Elliott Wave Count