Home Forex Analysis And Forecasts EURUSD Elliott Wave Analysis: Impulsive Downtrend

EURUSD Elliott Wave Analysis: Impulsive Downtrend

EURUSD is in clear bearish trend, forming a nice impulsive downtrend now breaking to new lows again after recent fourth wave rally back to 1.2880 that appears completed. As such, we expect more weakness in the next couple of days, maybe even weEURUSD is in clear bearish trend, forming a nice impulsive downtrend now breaking to new lows again after recent fourth wave rally back to 1.2880 that appears completed. As such, we expect more weakness in the next couple of days, maybe even weeks towards 1.2000-1.2100 projected region for wave 5) that is now in progress.eks towards 1.2000-1.2100 projected region for wave 5) that is now in progress.

EURUSD Daily Elliott Wave Analysis

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