EUR/USD: Bearish view for minimum three legs down

May 21, 2015

Gregor Horvat of EW-Forecast, maintains a bearish outlook on EUR/USD, noting that Elliott wave analysis suggests the pair has further downside potential.

Key Quotes

“EURUSD is turning lower this week, now trading well beneath the trendline connected from 1.0523 low which means that five wave rally is complete, especially as current decline is sharp and impulsive. We see it as first leg of a minimum three legs down, so it can be either wave 1) or A) from the highs, but more weakness should follow after wave 2)/B) rally.” 

Publication source
OctaFX information  OctaFX reviews

September 23, 2016
Risk rating
The market is in need of a new narrative. The Fed meeting in December is too far off and for now, the US election is not something that entices excitement. With central banks on hold, markets are pushing the envelope in terms of risk...
September 23, 2016
Greenback regains some ground
On Friday, the evergreen buck regained some ground against other key currencies, as markets kept digesting the Fed’s latest policy decision...
September 23, 2016
Dollar rebounds slightly as precious metals are in a hot zone
The US Dollar rebounds after a substantial selloff led by the FOMC decision to leave the interest rate unchanged. The Dollar index, which tracks the US currency against major peers, recoiled with support at a 95.00 level on Thursday, adding 0.05% to the 95.36 price in the early Friday session...

Fort Financial Services Rating
XM Rating
HotForex Rating
FOREX.com Rating
Orbex Rating
FBS Rating

IQ Option Rating
24option Rating
OptionBit Rating
Empire Option Rating
Anyoption Rating
OptionTrade Rating