Category Archives: Euro

EUR/USD Chart Analysis

We are in one of those times when we know the immediate move for the Euro is up, but are grappling with how deep will it move down after the current rally is over. From an Elliott Wave perspective, the … Continue reading

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Posted in Euro | Tagged , , , , | 4 Comments

EUR/USD update

The speed and scale of Euro’s downmove from near 1.4700 has caught some traders off guard. Readers of these comments were at least forewarned of an imminent correction (although we were expecting it from 1.4730). Anyone who was trading technically … Continue reading

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EUR/USD update

Following the EUR/USD update of 29th May when I decided to step back and let the next move unfold, the Euro has been climbing quite steadily. Having come this far, we are now in a position to look for turning … Continue reading

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EUR/USD update

I just want to clarify one little thing about my comments posted yesterday. Traders should understand that there are times when the road forks, in a manner of speaking, and the crowd chooses to follow one or the other route. … Continue reading

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Elliott Wave Analysis of EUR/USD

Now that the EURO has completed its 5 wave downmove from the high of 1.4939, we need to revisit the big picture and ask ourselves again, ‘Has the EURO really posted a medium term top at that level’? In order … Continue reading

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EUR/USD Elliott Wave Update

The EUR recovered to 1.4423 after my last comments and the outlook deteriorated steadily until it reached supports around 1.4150. Earlier today we saw a minor but unsustainable breach of that support. But the damage is done. That we breached … Continue reading

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Medium Term Outlook for EUR/USD EURO

What is the most likely path the EUR/USD will take over the next few weeks? What does Elliott Wave analysis of Euro suggest at this time? I think we will find decent supports just above 1.4140 level and spend several … Continue reading

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Elliott Wave Analysis of EUR/USD

Elliott Wave analysis is always a work-in-progress. We could determine a possible target at one point in time, and once that is reached, a new higher target might become necessary depending on fresh information. It is important to understand that … Continue reading

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Posted in Euro | Tagged , | 2 Comments