EURUSD

The bearish potential retains in Euro, with respect to the overall weekly-pattern as [W – Triangle X – Y] which its Minor wave Y remains in progress.

The expected target for decline in Intermediate wave (C) is around 0.95318, where equals 0.618 times the length of the wave (A) of the same degree.

EURUSD - Weekly

2 thoughts on “EURUSD

  1. Raj

    Sir,
    Now it’s even more confusing. With your weekly counts on EU and DX, you are saying both are bearish. Now for eur/usd to be bearish, DX has to be bullish and vice versa. Am i missing something? Can you please clarify.
    Regards
    Raj

    Reply
    1. elliottchart Post author

      Yes, that’s right. The last update on DX in weekly frame could be just as a bearish possibility, which we must respect, due to the bullish views on Gold and Silver.
      Also, based upon this alternate count should temporarily suspend the Euro’s bearish-count.

      Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s