EURAUD Short Term Elliott Wave Analysis 10.27.2015

Best reading of Elliott wave cycle suggests decline to 1.545 ended wave “A” and bounce to 1.582 ended wave “B”. Wave “C” is in progress as 5 waves where wave ((i)) ended at 1.549, wave ((ii)) ended at 1.579, wave ((iii)) ended at 1.516, and wave ((iv)) is in progress towards 1.53 – 1.539 area before turning lower in wave ((v)). We don’t like buying the proposed bounce in wave ((iv)). As far as 1.5824 pivot stays intact, pair is expected to go lower one more leg to complete wave ((v)) of C.

3EURAUD 6020151026213638

At EWF we offer  24 hour coverage of 42 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer! We are currently also running 30% promotion on Platinum Plan, valid for new members

Subscribe to our Forex Blog

First Name: *
Last Name: *
Your Email Address: *