EUR-USD cross is clearly in a down trend and the Elliott Wave count shows a final swing don, representing wave 5 of the move started in late October (at 1,4200).
There is not a clear support below the current price as EURUSD cross explores the year’s lows (made in early January). Therefore, we should expect higher highs and higher lows on the short term (a couple of weeks) in order to spot a reversal.
On the daily chart we can see that this year’s lows (early january) are very close (1,2900 area) and, moreover, there an AB=CD structure ending that highlights the same support zone.
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