EURUSD Elliott Wave Analysis: Bearish Swings In View

EURUSD Elliott Wave Analysis: Bearish Swings In View

16 July 2014, 10:06
Abdolreza Basirizadeh
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EURUSD has turned sharply to at the start of July, a move that can be considered as an impulse. Pair also took out the trendline connected from the lows which is a bearish signature for this pair if we consider that this line turned into a resistance. As such, we are looking and expecting weaker EUR now, back to 1.3500 in July while pair trades beneath 1.3640.
EURUSD 4h Elliott Wave Analysis

 

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