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Category Archives: Euro
EUR/USD update
In my March 6th update on the Euro ( at which time the EUR/USD was trading at 1.3982) I had suggested that we will likley see a test of 1.4374. The high so far has been 1.4350. We might still … Continue reading
EUR/USD Medium Term Outlook
It is time to take a fresh look at the medium term outlook for the EUR/USD (Euro). My last update was exactly a month back (in February), but that gave a short-term outlook for the Euro (using the hourly chart) … Continue reading
Forex Trading Using Elliott Wave Analysis
Trading the Forex markets (Foreign exchange or FX markets) requires a willingness and ability to take risks. It is a different skill to being able analyse the markets from the comfort of not risking money. Yet, blessed is the person … Continue reading
EUR/USD outlook
After coming down twice to around 1.3400, the EURO recovered its poise and is looking strong again. So we discard our previous analysis ( that effort having served us well during the down move from 1.3538 to 1.3395) and go … Continue reading
EURO starts new downtrend
I wanted to add this quickly, but my prior post had already gone off. Please read both this and the previous post
Posted in Euro
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EUR/USD starts new downtrend
In all probabilty, yesterday’s high at 1.3539 marked the end of a complex correction for the EUR/USD and so we are potentially in the middle of the first leg of a new short-term downtrend. In case you had sold around … Continue reading
EURUSD update as we approach target
The EUR/USD is approaching the target mentioned a few days back. Take a look at the attached chart. Wave C of the irregular correction is in the final extended 5th wave, and the 100% level comes bang on at the … Continue reading
EUR/USD update
Following the humongous rally last Thursday/Friday it is time to go back to the slightly bigger pricture and see if any trade can be considered. A low risk trade that shows up is to sell around 1.3535 witha close by … Continue reading
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