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Euro / U.S. Dollar
Long

Possible Elliot Wave Analysis - EURUSD

By SPX5000
As per my analysis Euro is currently trading in wave 2 of 5 of 5 which means we are couple of minor upswings away from forming a medium term top in Euro. The anticipated price action is shown as blue arrows on the chart.A direct break below 1.2156 and subsequently 1.1961 without forming a new high above 1.2555 will confirm the down trend has already started. If the wave count is correct then we should see Euro going higher towards 1.26 levels next week .

Good Luck Traders!!!
Elliott WaveEURUSDWave Analysis
SPX5000

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