Similar ideas popular now
EURUSD Update II: Bearish Reversal- Respect the Price Action (Elliott Wave)
24 hours back we were still observing bullish counts on EURUSD, but sharp fall invalidate it, which means that something is changing. Notice that pair reversed from its highs clearly in impulsive fashion through the channel support line of the latest bullish run, connected from 1.3262. Pair closed well bellow that trend-line which is important evidence for a temporary change in trend. As such, we need to www.ew-forecast.com/service
#AUDUSD Could Extend Deeper Based On Technical and Fundamental Outlook
AUDUSD On a daily chart we can also see a corrective advance from 1.0145 followed by a recently broken support channel line around 1.0415 (circled) which confirms the idea of a bearish trend for AUDUSD. So looking for lower levels on this pair makes sense.
Stock Chart Analysis
EURUSD is in recovery mode after a sharp fall down to 1.3300 last week. For now, rally from the lows cannot be counted in five waves and pair is also still trading well below 1.3518 invalidation level. Therefore, we think that complex corrective decline from 1.3710 is incomplete and that market will make one more push down, towards 1.3250 in this week to complete wave C of a second zig-zag that we are tracking. Pair is now testing a very important level around 1.3430/60 which