Prepare for the unexpected in EUR/USD Euro Add comments Apr 022012 Ramki’s latest Elliott Wave analysis of the EUR/USD appears in Marketwatch today Tweet Share this:FacebookGoogleEmailStumbleUponRedditTumblrPocketPinterestLinkedInPrint 10 Responses to “Prepare for the unexpected in EUR/USD” Luca says: April 2, 2012 at 5:32 am Hi Ramki, thank you for your new Euro analysis. I have a question. I’m learning, and it’s interesting to say this, the markets unfolds before us and that Elliot Wave analysis it’s a live process. The market is a continuous stream of information. We already have information and there’s a continuous stream of new incoming information. So, I’m curious to understand what new incoming information, if you’re a ware of it, made you come up with this new reading of the market. Thank you! Luca Reply Ramki says: April 2, 2012 at 8:14 am Hi Luca, thanks for your comments. I wrote this analysis over the weekend and had no additional information other than the chart. Infact I did nt read the Sunday newspaper either! All of it comes from using Elliott Waves as it should be. These methods are all explained in my book FWTFF. Reply Shiva says: April 2, 2012 at 9:58 am Hi Ramki, Amazing analysis, and I am still struggling with the fib retracements as you mentioned in the last post For the EUR/USD forecast does the final ABC have to look like the one you have shown or can’t it be a flat? The correction from May 2011 to Aug 2011 was a complex correction, and is there a possibility for the current correction to look the same way. Can you give more insight on how you decided on this one? Thanks, Shiva Reply Ramki says: April 2, 2012 at 9:46 pm Hi Shiva, A complex correction can take whatever shape it wants, and there will always be changes from prior patterns, even if it is only slightly different. What I am trying to show readers is the general direction of movements in the coming days, down, up nicley and down big way. We saw a down yesterday, from 1.3380 to 1.3270, for example! Reply R BHANJA says: April 3, 2012 at 5:01 am Hi Ramki Sir, I just wanted to ask you from where 1.3770 target is obtained for wave-B of EURO-USD. Is it 71% retracement of wave-A and or wave-1 terminus of wave-A? Reply Ramki says: April 3, 2012 at 6:15 am Hi Bhanja, it is 70.7% of prior A Reply dmrfx says: April 3, 2012 at 10:58 pm Hi! Ramki 1.3770 possible ,a perfect diamond formation http://imageshack.us/photo/my-images/834/4h4.gif/ Reply Ramki says: April 4, 2012 at 12:25 am Hi Dmrfx, Must confess I am not a great fan of that formation! Besides, these formations are confirmed only after they are completed and could change shape midway. Reply Ajoy says: February 2, 2013 at 1:20 pm Ramki, It took ten months for Eur/Usd to finally come around to head for completion of Wave E. Good Job! Ramki. Reply Ramki Ramakrishnan says: February 5, 2013 at 5:40 pm Ajoy, Thanks for the comment. The EUR actually topped above 1.35 earlier and came down farther than the target of 12460 before it recovered again… it was truly a roller coaster ride Reply Leave a Reply Cancel reply Name (required) E-mail (required) URI Your Comment Notify me of follow-up comments by email. Notify me of new posts by email.