Elliott Wave Analysis of EURUSD

A quick update to the post on StockTwits:

The market has continued lower as I expected to see, a new low can complete an impulse wave (5 wave decline) from 11831, so if you are bullish this pair, then I favor it has a good setup to find buyers from a new low. So as the EURUSD moves into a new low, the DXY should make a new high and complete an impulse wave (5 wave rally) from 93.81 (Sept low), its then I want to find buyers on EURUSD and sellers on the DXY.

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The content of this website is for educational purposes only, the information supplied shall not be construed as a recommendation to buy or sell any security or financial instrument. Wavepatterntraders will not be held responsible for any losses occurring from the information provided within the website. The information expressed within the website is solely the opinion of the author/owner. Wavepatterntraders are not registered investment advisers. Members are strongly urged to consult an investment consultant before making any financial decisions or investments.

Futures trading in stocks, Forex and commodity markets carries a high level of risk and past results are not indicative of future performance, trading may not be suitable for everyone. Information supplied maybe copied or reproduced with the permission from the owner, providing that the full attribution is given to the original source and have the acknowledgment of wavepatterntraders.com or its owner.

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