ew-forecast

Elliott Wave Analysis: EURUSD Update

OANDA:EURUSD   歐元 / 美元
Price turned sharply higher in the last couple of trading sessions on EURUSD             and breached nicely above the first swing high of wave iv) at 1.1777 level. We see current rally as an early evidence of a completed three-wave correction and a minimum three-wave recovery to be in progress. That said, once first wave i) finds a top a new temporary correction into the following wave ii) may come in play.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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Me thinks with this weakness in the dollar that should Gold rally a bit, in your other chart you were showing 1350 before it retreats again.
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